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2022 (7) TMI 426 - Tri - Insolvency and BankruptcyLiquidation of the Corporate Debtor - Section 33(1), 33(2) and 34(1) of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016) - HELD THAT:- In the present case two Resolution Plans were received, but the same were not approved by the CoC. The applicant in support of the present application has annexed relevant documents which include copy of the Minutes of the various Meetings of the CoC conducted by the RP. In the 11th meeting of the CoC, Union Bank of India, being the sole member of the CoC, passed resolution for Liquidation of the Corporate Debtor. The liquidation of the Corporate Debtor is ordered - application allowed.
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