TMI Blog2020 (3) TMI 265X X X X Extracts X X X X X X X X Extracts X X X X ..... ation is filed on 25th September, 2019 under Section 33(2) of Insolvency and Bankruptcy Code, 2016 (herein referred as IBC) by Mr. Bankim Shukla, Resolution Professional (herein referred as RP) seeking order of Liquidation of the BIW Fabricators Private Limited. 2. The Adjudicating Authority NCLT, Mumbai Bench vide its order, dated 14.01.2019, initiated the Corporate Insolvency Resolution Process against the Corporate Debtor. Mr. Pankaj Khaitan having Registration No. IBBI/IPA-002/IPN00010/2016-17/10014, has been appointed as Interim Resolution professional. The present RP was appointed by this AA by order, dated 23.07. 2019. The IRP made public announcement in Form A as on 16.01.2019, in accordance with section 15 of the Insolvency and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in CP (IB) No. 1802/MB/2018 and in exercise of powers conferred under Sub-Clauses (i), (ii) and (iii) of Clause (a) of Sub-Section (1) of Section 33 of the Insolvency and Bankruptcy Code, 2016, this Adjudicating Authority proceeds to pass the Liquidation order as follows:- ORDER 1. This Adjudicating Authority orders for liquidation of the Corporate Debtor viz. M/s. BIW Fabricators Private Limited. 2. This Adjudicating Authority appoints the Resolution Professional viz., Mr. Bankim Shukla as Company Liquidator, who shall issue a public announcement stating therein that the Corporate Debtors is in liquidation, in one of the leading English newspaper as well as one in vernacular newspaper having wide circulation where the registered ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompany Liquidator shall be entitled to charge such fees as stated under para 4 herein above for the conduct of the liquidation proceedings or in such a proportion to the value of the liquidation estate assets as specified under Regulation 4 of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. 10. Copy of this Order shall be sent to the concerned Registrar of Companies, Regional Director of Eastern Region, and Registered Office of the Corporate Debtor, by the company Liquidator viz, Mr. Bankim Shukla for information and compliance. 11. In terms of the above, IA No. 119/CTB/2019, filed in CP (IB) No.1802/MB/2018, by the Resolution Professional under Section 33(2) of the IBC, 2016, for initiation of the Li ..... X X X X Extracts X X X X X X X X Extracts X X X X
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