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2021 (6) TMI 527 - Tri - Insolvency and BankruptcySeeking Extension of The Liquidation Process of the Corporate Debtor - Regulation 44 of The IBBI (Liquidation Process) Regulations, 2016 r.w. Rule 11 of NCLT Rules, 2016 - HELD THAT:- It is stated that the Corporate Debtor has been ordered to be Liquidated vide an Order dated 17.12.2019 passed by this Tribunal. Thereafter the present Applicant was appointed as the Liquidator of the Corporate Debtor - The Applicant carried out necessary actions under the Code and in consultation with the CoC has taken every possible effort for resolution of the Corporate Debtor. However, no EOI was received and the CoC resolved to put the Corporate Debtor in to Liquidation. The application is partly allowed and the period to complete the liquidation process is hereby extended by six months from today.
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