TMI Blog2019 (10) TMI 417X X X X Extracts X X X X X X X X Extracts X X X X ..... to approve the resolution plan, therefore the CoC finally passed unanimous resolution on 20.06.2019 for liquidation of this Corporate Debtor. The Applicant (RP) herein placed this application annexing the resolution passed by the CoC on 20.06.2019 with 100% voting suggesting the same Resolution Professional s name to continue as Liquidator of the Corporate Debtor Company. This Bench hereby ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... having the Valuers presented the liquidation value, the present Applicant Mr. A. R. Ramasubramania Raja who was subsequently appointed as Resolution Professional in the place of IRP taking the aggregate of the values given by the valuers, the RP determined the liquidation value as ₹ 31 Crores as against the claim of ₹ 80 Crores. 3. When no Resolution Applicant came forwa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issuing a public notice stating that the Corporate Debtor is in liquidation with a direction to the liquidator to send this order to ROC with which this company has been registered. b) The Resolution Professional viz Mr. A.R Ramasubramania Raja is hereby appointed to act as Liquidator for the purpose of liquidation of the corporate debtor, therefore all powers of the board of direc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , no suit or other legal proceedings shall be instituted by or against the Corporate debtor without prior approval of this Adjudicating Authority save and except as mentioned in sub-section 6 of section 33 of the Code. d) This liquidation order shall be deemed to be notice of discharge to the officers, employees and workmen of the Corporate Debtor except to extent of the business of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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