TMI Blog2022 (5) TMI 1209X X X X Extracts X X X X X X X X Extracts X X X X ..... ft under the circumstances being early liquidation process, hence this application directing the liquidation for the Corporate Debtor is allowed. This Adjudicating Authority hereby orders liquidation of the Corporate Debtor, i.e., Anjali Waterford Hospitality and Infra Limited, which shall be conducted in the manner as laid down in Chapter III of Part II of the Code - application allowed. - IA (IBC) 248/2022 in CP (IB) No. 251/9/HDB/2020 - - - Dated:- 13-5-2022 - Dr. Venkata Ramakrishna Badrinath Nandula, Member (J) And Veera Brahma Rao Arekapudi, Member (T) For the Appellant : A Sandhya Rani ORDER 1. The Applicant/Resolution Professional (hereinafter referred to as RP ) filed this present application under Section 33( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nformed the members that no further claims were reported till 18.07.2021. 2.5. In the fourth COC meeting the applicant has mentioned for extension of CIRP period wherein 180 days ends on 21.08.2021 and members has approved for extension of 90 days and directed the applicant to file application before this Adjudicating Authority and the applicant filed and application bearing IA No. 712/2021 and this Adjudicating Authority vide order dated 29.11.2021 has allowed 90 days of extension. 2.6. The COC members noted that there were no resolution plans from the prospective resolution applicants till 27.07.2021 and there is no chance of reviving the Corporate Debtor as per the assets available so to reduce further costs the COC members dec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Corporate Debtor. ORDER A. This Adjudicating Authority hereby orders liquidation of the Corporate Debtor, i.e., Anjali Waterford Hospitality and Infra Limited, which shall be conducted in the manner as laid down in Chapter III of Part II of the Code; B. Shri. Pradeep Kumar Sravanam having IP registration no. IBBI/IPA-003/IP-N000100/2017-2018/11009, is hereby appointed as Liquidator; C. He shall issue public announcement stating that the Corporate Debtor is in liquidation in terms of Regulation 12 of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. D. The moratorium declared under Section 14 of the Code, shall cease to have effect from the date of the order of liquidation; E. Sub ..... X X X X Extracts X X X X X X X X Extracts X X X X
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