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2021 (3) TMI 922 - Tri - Insolvency and BankruptcyLiquidation Order of Corporate Debtor - requirement of contribution towards liquidation expenses - Section 33 of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- The CoC and the Resolution Professional have formed a view that there will be no situation of contribution towards CIRP /liquidation cost, as there exist sufficient assets to meet such costs. Hence, necessary resolution as per Regulation 2A of Insolvency and Bankruptcy Board of India (Liquidation Process) has not been passed. As a special instance the requirement of passing of such resolution, before filing an application for liquidation, is waived - Corporate Debtor needs to be liquidated. Application allowed.
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