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TMI Blog2018 (4) TMI 1598X X X X Extracts X X X X X X X X Extracts X X X X ..... any as per the statement made in the status report as well as by the RP who is present in the court. The total liquidation value has been stated to be ₹ 7.35 crores. In view thereof, we declare that the only option left in the present case is to accept the recommendation of the COC. We also find apparently all other provisions of the statute as well as the regulations have been complied wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Nut Crafts Pvt. Ltd., on the ground that no resolution plan has been received. It is appropriate to mention that on 12.01.2018, a similar prayer was made when status report was filed. The prayer made in this application is also to similar to the one made earlier. It is further prayed that the resolution professional be permitted to continue as a liquidator by referring the matter to IBBI in te ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... resolution professional published a notice in the Newspaper dated 23.01.2018(A2 A3). Thereafter the matter was placed before the COC and in the fifth meeting dated 19.03.2018 of the COC, it was concluded that no resolution plan in pursuance of public notices issued on 23.01.2018 was received. It was proposed to recommend liquidation of the Company and the Resolution was passed with 100 % voting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nability to continue as a liquidator on account of his other engagements as well as nonreceipt of complete fee. In view of the above, we appoint Mr. Shashi Kant Nemani, Email. Id [email protected] Mobile No. 9822094174 from the list rovided by IBBI as a liquidator in terms of provisions of Section 34(4). In terms of Section 33, we issue further direction to the liquidator that the corporate de ..... X X X X Extracts X X X X X X X X Extracts X X X X
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