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2022 (7) TMI 832 - Tri - Insolvency and BankruptcySeeking Liquidation of the Corporate Debtor - Section 33 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- Since neither any Expression of Interest nor any Resolution Plan was received from any Resolution Applicant, the CoC approved the Resolution for initiating liquidation proceedings under Section 33 of the Code against the Corporate Debtor and authorised the RP to file an Application for Liquidation by passing the Resolution with 100% voting share. Further the CoC also resolved to appoint the RP, Mr. Lakshmikant Yeshwant Desai, as the Liquidator for the Corporate Debtor. This is a fit case for liquidation - Application allowed.
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