Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2022 (4) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (4) TMI 525 - Tri - Insolvency and BankruptcySeeking liquidation of the Corporate Debtor - Section 33 and 34 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- In absence of any Resolution Plan forthcoming the CoC decided to liquidate the corporate debtor as going concern. Thereby, the CoC in the 4th meeting held on 24.08.2021 had unanimously resolved to liquidate the Corporate Debtor as going concern and also resolved to appoint the Applicant herein Mr. Shalabh Kumar Daga as a liquidator under Section 34(4) of the Code. The liquidation of Corporate Debtor is allowed - application allowed.
|