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2020 (8) TMI 931 - AT - Insolvency and BankruptcyDirection to Resolution Professional to produce details of assets of the 'Corporate Debtor' along with the valuation report by two valuers within four weeks - HELD THAT:- The 'Corporate Debtor' is not a going concern and there being no resolution plan, the 'Committee of Creditors' has unanimously decided to send the 'Corporate Debtor' into the liquidation. Once the application under Section 33 of the 'I&B Code' was moved before the Adjudicating Authority, in the given circumstances, it was left with no option but to order the liquidation of the 'Corporate Debtor'. Collecting of material in regard to the assets of the 'Corporate Debtor' and valuation reports etc. is not germane to the disposal of the application under Section 33 of the 'I&B Code'. Since the impugned order suffers from legal infirmity, same cannot be supported, the same is set aside with direction to the Adjudicating Authority to dispose of the application of the 'Resolution Professional' under Section 33 of the 'I&B Code' within a week's time. Appeal disposed off.
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