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2021 (12) TMI 680 - NATIONAL COMPANY LAW TRIBUNAL , PRINCIPAL BENCH , NEW DELHIInitiation of liquidation process of the corporate debtor - Section 33(2) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- In terms of the Regulation 6(1) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the said Interim Resolution Professional made a public announcement in the Form-A, which was published in the newspapers namely, the "Business Standard" (English) in Delhi/NCR edition and "Business Standard" (Hindi) in Delhi/NCR edition on 30.10.2019. The said public announcement was uploaded on the website of the Insolvency and Bankruptcy Board of India (IBBI). In the circumstances and there being no other alternative, this Bench is inclined to accept the Resolution of the COC and order Liquidation of the Corporate Debtor - Liquidation of the Corporate Debtor, M/s. Victory Infratech Private Limited is allowed in the manner as laid down in the Chapter III of Part II of the Insolvency and Bankruptcy Code, 2016 and in accordance with the relevant Rules and Regulations - application allowed.
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