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2021 (10) TMI 764 - Tri - Insolvency and BankruptcyLiquidation of the Corporate Debtor - section 33(2) of the I & B Code, 2016 - HELD THAT:- Since this Adjudicating Authority did not receive any Resolution Plan under Sub-Section (6) of Section 30 of the I & B Code, 2016, this Adjudicating Authority deems it proper to allow the Application as prayed for. Accordingly, in exercise of powers conferred under Sub-Clauses (i), (ii) and (iii) of Clause (b) of Sub-Section (1) of Section 33 of the I & B Code, 2016, the Corporate Debtor is ordered to be liquidated. Application allowed.
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