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2021 (3) TMI 348 - Tri - Insolvency and BankruptcySeeking liquidation of the corporate debtor - section 33(1) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The CoC in its second meeting held on September 16, 2019 unanimously passed a resolution for liquidating the company. Accordingly, the resolution professional filed this application for liquidation of the company as provided under section 33 of the Insolvency and Bankruptcy Code, 2016 (Code). Upon hearing the submissions of the applicant and on reading the application and the documents enclosed therein it is found, the RP has complied with the procedure laid down under the Code ; Regulations made thereunder. On verification, this case is considered fit case to pass liquidation order under sub-section (1) of section 33 of the Code for liquidation in the absence of any resolution plan. Application allowed.
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