9911796707
TMI Blog2017 (10) TMI 1507X X X X Extracts X X X X X X X X Extracts X X X X ..... under liquidation as per provision Chapter 3 of Insolvency Bankruptcy Code, 2016 read with Insolvency and Bankruptcy Board of India (Liquidation Process Regulation), 2016. Copy of the order may be sent to Registrar of Companies. The liquidator shall issue a public announcement stating that the corporate debtor Nicco Corporation Pvt Ltd. is in liquidation - Moratorium u/s 14 of IBC shall cease ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ess has failed in the COC meeting DT.6th Oct 2017.1t is further noted that in the 6th meeting of COC on 6th Oct 2017, the Resolution Plan for the revival of the Corporate Debtor was put to the vote, and 88.38% of the members of the COC voted against the resolution plan, and only 11.62 percent of the members of the COC voted in favour of the Resolution Plan. Thus, the Resolution Plan has failed and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Plan on the request of some of the members of the COC, 7th meeting of COC was called to discuss the future course of action on the failure of Resolution Plan, which held on 11th Oct 2017. It is further stated in the minutes of the 7th meeting of COC that Resolution Professional /Chairman has clarified his position on this matter for not continuing as liquidator thus members of COC reques ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... torium starts under sub section (5) of Sec 33 of IBC. The order of liquidation passed under section 33 shall be deemed to be notice of discharge to the officers, employees and workmen of the corporate debtor Sri Kunai Banerjee has shown his inability to work as liquidator, therefore, we appoint Sri Vinod Kothari, PCS, as Liquidator. He shall proceed with the process of Liquidatio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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