TMI Blog2019 (12) TMI 1584X X X X Extracts X X X X X X X X Extracts X X X X ..... ed. - MA 2811/2019 in C.P. (IB)-10/(MB)/2018 - - - Dated:- 13-12-2019 - Hon ble Mr. M.K. Shrawat, Member (Judicial) And Hon ble Mr. Chandra Bhan Singh, Member (Technical) For the Applicant: Advocate Geeta Lalwani a/w Advocate Amey Hadwale ORDER Per: Chandra Bhan Singh, Member (Judicial) 1. This is an Application submitted on 13.08.2019 U/s.33 of the Insolvency Bankruptcy Code, 2016 (hereinafter referred to as I B Code ) by Mr. Dhanshyam Kantilal Patel, the Resolution Professional of the Corporate Debtor M/s. Krishnai Hospital Private Limited, seeking an Order of Liquidation of the Corporate Debtor. It is informed that the Committee of Creditors' meeting held on 01.08.2019 has approved for Liquidation . ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n form G on IBBI website, Free Press Journal and Tarun Bharat newspaper was published. 6. Further, in the 9th CoC meeting held on 01.08.2019, the Applicant informed the CoC that no EOI was received from any Prospective Resolution Applicants till date. It was also noted by the Financial Creditor that post CIRP period there has been no income from the Company of the Corporate Debtor. The Financial Creditor unanimously decided to Liquidate the Company of the Corporate Debtor. 7. Thereafter, in the 9th COC meeting held on 01.08.2019, a resolution with 100% vote was passed by the members of COC to initiate liquidation proceedings against the Corporate Debtor. 8. The resolution was passed in the following manner: Resolved that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Liquidation Value of the Corporate Debtor is ₹2,85,41,074/-. 12. Considering above facts and circumstances, this Bench hereby Orders that: i. The Process of Liquidation shall commence as per the Chapter III of the Code from date of this Order. ii. Mr. Dhanshyam Patel, (IBBI Registration No: IBBI/IPA-001/IP-01373/2018-19/12155) is hereby appointed as a Liquidator as per the Provisions of S. 34 of the Code. iii. The RP shall advertise in two Newspapers, one in English language and one in Vernacular Language i.e. Marathi, about the Liquidation of the Corporate Debtor as per the provisions of the Code. iv. Copy of this Order shall be forwarded to the Concerned Authority with which the Corporate Debtor is Registered. 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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