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TMI Blog2019 (5) TMI 517X X X X Extracts X X X X X X X X Extracts X X X X ..... te Debtor) to start Corporate Insolvency Rersolution Process (in short, CIRP) of the Corporate Debtor. This Adjudicating Authority vide order dated 10.05.2018 admitted the Corporate Debtor in CIRP. 2. Mr. Saradindu Jena was appointed as the interim Resolution Professional. On 14.05.2018 the IRP made public announcement of CIRP of the Corporate Debtor by publishing notice in Newspaper i.e., Orissa based (English and Nitidine (in Oriya). He called from the Creditors their claim with the proof. In pursuant thereto he received the claims from two financial creditors and some Operational Creditors. He formed the Committee of Creditors consists of one member i.e. State Bank of India having 100% voting share. First meeting of the CoC was held on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... published the notice of invitation of EoI/Resolution plans from prospective resolution applicants in Financial Express, (English) and Daily Sambad (Oria language). Last date of submission of resolution plan was fixed as 09.01.2019. 5. It is seen from the record that: Sukant Kumar Bisi and Uday Nath Sahoo jointly submitted the resolution plan. It was noticed by the RP and the CoC that Uday Nath Sahu was not eligible to submit the plan because of his disqualification under Section 29(A) read with Section 240(A) of IBC 2016. Hence, Mr. Sukant Kumar Bisi submitted fresh resolution plan. The plan was submitted for consideration of CoC in meeting dated 07.01.2019. The CoC rejected the plan by 100% voting shares and instructed the RP to request ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on Professional did not disclose in his final report whether those units are still running or not. If those units are still running then, this Authority would advice the Liquidator to liquidate them as going concern so as to fetch maximum liquidation price. With this, I proceed to pass the following order. ORDER (i) Corporate Debtor M/s. Rukmani Infra Projects Private Limited having CIN : U28112OR2008PTC010247, and having its registered office at Plot No. 39, Indrahari Nagar, P.O. Turanga, Angul, Odisha 759123 in the state of Orissa is admitted in process of liquidation. (ii) CA. Sambhulal Agarwal of Insolvency Professional having Registration No. IBBI/IPA-001/IP-P00387/2017-18/10698 and contact No.- 9437052510 residing at Naya Pada, 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 13 of the IBBI (Liquidation) Regulations, 2016 at the registry within 75 days from the liquidation commencement date and continue to file progress reports as per Reg. 15(1) within 15 days after the end of the quarter in which he is appointed. (viii) The fee payable to the Liquidator shall form part of the liquidation cost as provided under Reg. 4(1) of the IBBI (Liquidation Process) Regulations, 2016. 10. The C.P. (IB) No. 336/KB/2018 is disposed of accordingly. 11. The copy of this order is to be sent to the Liquidator, RP, Financial Creditor and the Corporate Debtor by Speed Post as well as by email for information and for taking necessary steps. 12. Urgent photostat certified copy of this order, if applied for, be supplied to the pa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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