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2022 (2) TMI 905 - NATIONAL COMPANY LAW TRIBUNAL , ALLAHABAD BENCHSeeking liquidation of the Corporate Debtor - no resolution plan was received - section 33(1) of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- On 28.01.2021, in the 6th meeting of the CoC, it was resolved that as there are no possible ways for revival of corporate debtor. Therefore, the CoC with 100% voting share recommended for liquidation of the Corporate Debtor and to appoint Mr. Alok Kumar Kuchhal as liquidator. Hence, the RP has filed the present application under section 33(1) of the Code, before this Adjudicating Authority for liquidation of the Corporate Debtor and appointment of RP as liquidator. The RP has given his consent to act as liquidator. He is stated to have a valid authorization for assignment - Corporate Debtor is ordered to be liquidated in terms of section 33(2) of the Code read with sub-section (1) thereof - Application allowed.
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