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2021 (5) TMI 431 - NATIONAL COMPANY LAW TRIBUNAL , CHENNAI BENCHLiquidation of Corporate Debtor - Section 33(2) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- Since there were no Prospective Investors, in the 6th CoC meeting held on 22.01.2020, the CoC unanimously passed a resolution to seek an order for liquidation of the Corporate Debtor - Thereafter, in the 7th CoC meeting held on 17.03.2020, it was also discussed that it is the essence that the Corporate Debtor cannot be sold as a going concern, since there is no activity in the company. It is ordered that the Corporate Debtor herein shall be liquidated - Application allowed.
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