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2022 (10) TMI 206 - Tri - Insolvency and BankruptcySeeking liquidation of Kotak Urja Private Limited - Section 33(1) of Insolvency and Bankruptcy Code, 2016 - HELD THAT:- Mr. Amir Arsiwala, Ld. Counsel appeared on behalf CoC and stated that the CoC has resolved for change of RP as the Liquidator in the matter with 88.64% voting. This Bench is of view that there are no specific provisions for the change of RP as the Liquidator nor the CoC has given any reason for change of RP as Liquidator in the matter. Hence, the resolution for change of RP as Liquidator cannot be considered by this Bench and the prayer of the CoC for change of RP as Liquidator is hereby rejected. Mr. Devarajan Raman, Resolution Professional is appointed as the Liquidator to conduct Liquidation process of Kotak Urja Private Limited as provided under Section 34(1) of the Code - the application filed under section 33(1) by the Applicant is hereby Allowed and Disposed of.
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