TMI Blog2022 (2) TMI 905X X X X Extracts X X X X X X X X Extracts X X X X ..... of RP as liquidator. The RP has given his consent to act as liquidator. He is stated to have a valid authorization for assignment - Corporate Debtor is ordered to be liquidated in terms of section 33(2) of the Code read with sub-section (1) thereof - Application allowed. - IA No. 73/ALD/2021 in CP (IB) No. 45/ALD/2019 - - - Dated:- 31-1-2022 - Rajasekhar V.K., Member (J) And Balraj Joshi, Member (T) For the Appellant : Party-in-Person ORDER Balraj Joshi, Member (T) 1. This court convened via video conferencing. 2. This is an application filed by the Resolution Professional ('RP') upon the instructions of the Committee of Creditors ('CoC') seeking liquidation of the Corporate Debtor, viz., Ratandeep In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... herefore, the CoC with 100% voting share recommended for liquidation of the Corporate Debtor and to appoint Mr. Alok Kumar Kuchhal as liquidator. 6. Hence, the RP has filed the present application under section 33(1) of the Code, before this Adjudicating Authority for liquidation of the Corporate Debtor and appointment of RP as liquidator. The RP has given his consent to act as liquidator which is placed at Pg. 29 of the present application. He is stated to have a valid authorization for assignment. 7. This Bench, therefore, hereby orders as follows:- a. Prayers as sought for in I.A. No. 73/2021 filed by Mr. Alok Kumar Kuchhal RP of Ratandeep Infrastructure Private Limited, the Corporate Debtor, is allowed and the Corporate Debtor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tute suit or other legal proceeding on behalf of the Corporate Debtor with prior approval of this Adjudicating Authority, as provided in section 33(5) of the Code read with its proviso. h. In accordance with section 33(7) of the Code, this liquidation order shall be deemed to be a notice of discharge to the officers, employees, and workmen of the Corporate Debtor except to the extent of the business of the Corporate Debtor continued during the liquidation process by the Liquidator. i. In terms of section 33(1)(b)(iii), the Liquidator shall file a copy of this Order with the Registrar of Companies, Uttar Pradesh, Kanpur, within whose jurisdiction the Corporate Debtor is registered. Additionally, the Registry shall also forward a co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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