TMI Blog2022 (4) TMI 523X X X X Extracts X X X X X X X X Extracts X X X X ..... found during the CIRP and liquidation process for recovery of dues of the Stakeholders, nothing would remain in the Liquidation Process of the Corporate Debtor, to proceed with. The liquidator therefore conducted the final meeting of the Stakeholders Consultation Committee on 04.06.2021, wherein it was resolved to apply for dissolution of Corporate Debtor, hence, the instant application is filed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Insolvency and Bankruptcy Code, 2016 (for brevity 'Code') read with Regulation 45 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 seeking an order for the dissolution of the Corporate Debtor. 2. The brief facts of the case are as under:- a) An Operational Creditor had filed an application under section 9 of the IB Code, 2016 for initiation of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opinion that there seems no possibility to revive corporate debtor and the only option available is to seek liquidation. Hence, the Applicant filed an application for the liquidation of the Corporate Debtor under section 33(1) of the IB Code. d) This Adjudicating Authority vide its order dated 17.02.2021 directed the Corporate Debtor to be Liquidated and appointed the Applicant i.e. Mr. Amris ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re found during the CIRP and liquidation process for recovery of dues of the Stakeholders, nothing would remain in the Liquidation Process of the Corporate Debtor, to proceed with. The liquidator therefore conducted the final meeting of the Stakeholders Consultation Committee on 04.06.2021, wherein it was resolved to apply for dissolution of Corporate Debtor, hence, the instant application is file ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... andhi is discharged from his duties and responsibilities as the Liquidator of the Corporate Debtor. 5. The Liquidator and the Registry are directed to send the copy of this order within 7 days from the date of this order to the ROC, Gujarat along with all the books and files of the Corporate Debtor i.e. M/s. Drup Suppliers Pvt. Ltd. 6. A copy of this order shall also be forwarded to the IBBI ..... X X X X Extracts X X X X X X X X Extracts X X X X
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