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2022 (7) TMI 613 - Tri - Insolvency and BankruptcySeeking liquidation of the Corporate Applicant - Corporate Applicant is not carrying on any business since the past three years - Section 33(2) of IBC - HELD THAT:- Section 33(2) of the Code enjoins the Adjudicating Authority to pass an order for liquidation of the Corporate Applicant before the confirmation of Resolution Plan, where the Committee of Creditors decide to liquidate the Corporate Applicant with more than sixty-six percent voting share. The Corporate Debtor is ordered to be liquidated in terms of section 33(2) of the Code read with sub-section (1) thereof - Application allowed.
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