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2022 (4) TMI 938 - Tri - Insolvency and BankruptcyInitiation of Liquidation proceedings - Section 33 of the IBC, 2016 - HELD THAT:- From the mail, it is very clear that the CoC member was actively participating in the CoC meeting and taking steps for revival of the Corporate Debtor and it also emerges from this mail that the CoC member was trying to contact various people to sell the Corporate Debtor as a going Concern. Since the attempt made by the CoC member appears to have been failed, this Application under Section 33 filed by the RP in IA/1146/2021 - Therefore, it is very unfortunate that the Learned Counsel for the CoC member states today that the CoC will not contribute towards the CIRP cost. Having participated in all the meetings and have been part of the CoC till date, the CoC members shall satisfy the expenses of the CIRP cost. List all these matters on 11.04.2022 for further hearing.
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