TMI Blog2021 (8) TMI 1337X X X X Extracts X X X X X X X X Extracts X X X X ..... th 100% voting share, to liquidate the assets of the corporate debtor. In the factual background of the present case, the Resolution Professional proposed, in the 5th CoC meeting, to send the CD into liquidation. Further the CoC have also, after all the discussions and deliberations, resolved to liquidate the Corporate Debtor under Section 33 of the Code. The application is hereby allowed by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ivate Limited. 2. The facts in brief are that the financial creditor, namely M/s Small Industries development Bank of India, had filed a Company Petition under Section 7 of the Code, bearing number IB- 1825 (PB)/2019, for initiation of Corporate Insolvency Resolution Process (CIRP), against the Corporate Debtor. The said application was admitted by this Tribunal on 10.10.2019, initiating CIRP a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... discussions and deliberations on the entire aspect, CoC decided to file a liquidation application before this Bench, accordingly resolutions were passed by the CoC with 100% voting share. RESOLVED THAT; consent of the committee of creditors be and is hereby accorded to liquidate the affairs of the Corporate debtor as per the provisions of the IBC, 2016 . FURTHER RESOLVED THAT; Shri S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5, having email- Sanjeev.bindal@rkca.net and the Mobile No. 9810801651, is appointed as the Liquidator in terms of Section 32(1) of the Code; b. Registry is directed to communicate this Order to the Registrar of Companies, NCT of Delhi Haryana and to the Insolvency and Bankruptcy Board of India; c. The Order of Moratorium, passed under Section 14 of the Insolvency and Bankruptcy Code, 2016 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... disposal during the process of liquidation, including initiation of steps for recovery of dues of the Corporate Debtor as per law. h. The Liquidator shall submit Preliminary Report to the Adjudicating Authority, within seventy-five days from the liquidation commencement date, as per Regulation 13 of the Insolvency and Bankruptcy (Liquidation Process) Regulations, 2016; i. Copy of this order ..... X X X X Extracts X X X X X X X X Extracts X X X X
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