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2021 (6) TMI 738 - Tri - Insolvency and BankruptcyLiquidation of Corporate Debtor - Section 33 (1) of Insolvency and Bankruptcy Code, 2016 - HELD THAT:- This Tribunal is of the view that as per the record and submissions made, we endeavors to obtain resolution of corporate debtor has failed and CoC in its commercial wisdom decided to liquidate the corporate debtor which does not require any interference. In present circumstances the CoC decision is appropriate. The corporate debtor Ajit Automotive Service Private Limited stands liquidated and the incidence of liquidation to follow, on and from the date of this order in terms of the provisions of 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 - application allowed.
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