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TMI Blog2021 (3) TMI 348X X X X Extracts X X X X X X X X Extracts X X X X ..... with the procedure laid down under the Code ; Regulations made thereunder. On verification, this case is considered fit case to pass liquidation order under sub-section (1) of section 33 of the Code for liquidation in the absence of any resolution plan. Application allowed. - I. A. No. 938 of 2020 in C. P. No. 162 /IB/ 2019 - - - Dated:- 3-12-2020 - H. V. SUBBA RAO (Judicial Member) and SHYAM BABU GAUTAM (Technical Member) Ms. Rubina Khan for the applicant. ORDER It is an application filed by the resolution professional seeking liquidation of the corporate debtor, namely (M/s. Harneshwar Agro Products Power and Yeast (I) Ltd.) on the ground that no resolution plan has been received by him, hence this applicatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 2019 in Financial Express all editions in English and Pudhari in regional language in Marathi in Pune/Solapur. 4. It is further submitted that an advertisement, inviting expression of interest (EoI) in form G was published. Thereafter, no extension has been sought and no EoI was invited and no resolution plan was received. 5. The CoC in its second meeting held on September 16, 2019 decided to appoint a valuer. The RP accordingly appointed two registered valuers as required under regulation 27 of the IBBI (IRP for Corporate Persons) Regulations, 2016 and the information memorandum was prepared as provided under regulation 36(1) of the said regulation. 6. The CoC in the second CoC meeting held on September 16, 2019 it was informed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... )(b) of the IBBI (Liquidation Process) Regulations, 2016. (d) The liquidator appointed in this case to initiate liquidation process as envisaged under Chapter III of the Code by following the liquidation process given in the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. (e) The liquidator appointed under section 34(1) of the Code. Will have all powers of the board of directors, key managerial personnel and the partners of the corporate debtor, as the case may be, shall cease to have effect and shall be vested with the liquidator. (f) That the corporate debtor to be liquidated in the manner as laid down in the Chapter by issuing public notice stating that the corporate debtor is in liquidation wit ..... X X X X Extracts X X X X X X X X Extracts X X X X
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