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2021 (8) TMI 269 - Tri - Insolvency and BankruptcySeeking for the liquidation of the corporate debtor - section 33(2) of the Insolvency and Bankruptcy Code, 2016 read with rules 11 and 32 of the National Company Law Tribunal Rules, 2016 - HELD THAT:- This Adjudicating Authority granted exclusion and extension of the CIRP period. However, it is placed that no viable resolution plan was voted at the CoC. Hence, this Adjudicating Authority has left with no option but to order liquidation. Taking into consideration, the written consent dated January 6, 2021 of the applicant IRP to act as a liquidator filed on January 28, 2021, Mr. Ramakrishnan Sadasivan, is appointed as the liquidator of the corporate debtor to carry out the liquidation process subject to the terms of the directions. The liquidation order passed - application allowed.
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