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TMI Blog2019 (10) TMI 1308X X X X Extracts X X X X X X X X Extracts X X X X ..... 1. SK Construction - the Operational Creditor filed this Petition under section 9 of the Insolvency & Bankruptcy Code, 2016 (in short, I&B Code) against Kohinoor Power Private Limited - Corporate Debtor to start Corporate Insolvency Resolution Process (in short, "CIRP") of the Corporate Debtor, as the Corporate Debtor allegedly committed default in paying the operational debt of Rs. 5,59,198/-. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ired on 29th April, 2019. This Tribunal further permitted a 44 days exclusion of time and the CIRP period completion time was 12th June, 2019. 4. It is seen from the record that there was only one Resolution Applicant - names Srei Multi Asset Investment Trust Vision India Fund (SMAITVIF) who vide email dated 6th June 2019 had informed the RP that based on their detailed internal discussion with t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n this proceeding in CA(IB) No. 1033/KB/2019 passed an order of liquidation of the corporate debtor under section 33 of IBC and it was mentioned therein that detailed order to follow. Accordingly, we pass an order under section 33 of the I&B Code, 2016 to start process of liquidation of the Corporate Debtor as follows: ORDER 1. By this order, Corporate Debtor- Kohinoor Power Pvt. Ltd. is liquid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Code, 2016. 7. The Liquidator is directed to proceed with the process of liquidation in a manner laid down in Chapter III of the Insolvency and Bankruptcy Code, 2016. 8. Upon proceeding with the liquidation the Liquidator shall file a preliminary report as per regulation 5 read with Reg. 13 of the IBBI(Liquidation) Regulations, 2016 at the registry within 75 days from the liquidation commencem ..... X X X X Extracts X X X X X X X X Extracts X X X X
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