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TMI Blog2021 (5) TMI 948X X X X Extracts X X X X X X X X Extracts X X X X ..... RP as per section 12(2) was put before CoC for voting in the last CoC meeting. The voting as received on 12.03.2020, 66% positive vote has not been received from CoC members as mandate for it. Hence, applicant filed this application for initiation of liquidation order u/s. 33 of IBC, 2016 read with regulation 3 of the IBBI (Liquidation Process) Regulations, 2016. This is a fit case for liquida ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he invited claims from the creditors and initially constituted CoC consisting of one Financial Creditor i.e. Shri Ram Transport Finance Company Limited. However, another financial creditor submitted its claim after second CoC, hence, the CoC consisted of two financial creditors during further CIR Period. The applicant also appointed the registered valuers. It is further submitted by the applicant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onsidered opinion that this is a fit case for liquidation, therefore, we hereby order for liquidation of the company with directions as follows: a. The Mr. Navjit Singh, holding Registration No. IBBI/IPA-001/IP-P00314/2017-2018/10578, having email: [email protected] is appointed as the Liquidator in terms of Section 34 of the Code; b. Registry is directed to communicate this Order to t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ontinue to investigate the financial affairs of the Corporate Debtor in accordance with provisions of Section 35(1) of the Code. g. The liquidator shall also follow up the pending applications for their 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 a Preliminary Report to th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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