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2019 (12) TMI 562 - NATIONAL COMPANY LAW TRIBUNAL, JAIPURInitiation of Liquidation proceedings - Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- This Tribunal in the circumstances of the case, taking into consideration the provisions of law as well as on facts, is constrained to order for liquidation of the Corporate Debtor and amidst such background the Corporate Debtor stands liquidated with the incidence of liquidation to follow, on and from the date of this order in terms of the provisions of the IBC, 2016, and more particularly as given in Chapter - III of IBC, 2016, and also in terms of Insolvency and Bankruptcy (Liquidation Process) Regulations, 2017.
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