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2021 (5) TMI 948 - Tri - Insolvency and BankruptcyLiquidation of Corporate Debtor - section 33(1)(a) of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- No resolution plan has been called during the 180 days and extension for the for time limit of this CIRP as per section 12(2) was put before CoC for voting in the last CoC meeting. The voting as received on 12.03.2020, 66% positive vote has not been received from CoC members as mandate for it. Hence, applicant filed this application for initiation of liquidation order u/s. 33 of IBC, 2016 read with regulation 3 of the IBBI (Liquidation Process) Regulations, 2016. This is a fit case for liquidation - Liquidation order granted - application allowed.
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