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2021 (6) TMI 787 - NATIONAL COMPANY LAW TRIBUNAL , MUMBAI BENCHLiquidation of the Corporate Debtor - section 33 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- Though initially some of the prospective Resolution Applicants shown interest, however, the same could not fructify and no formal Resolution Plan is in the hands of CoC to decide on the same - the Liquidation of the CD is by virtue of natural consequence of operation of law as the COC could not gather requisite voting 66% for extension and hence the application is allowed. The application of Corporate Debtor for liquidation is admitted - application allowed.
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