2021 (10) TMI 11

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..... y (Liquidation Process) Regulations, 2017 along with the directions issued. The Corporate Debtor is ordered to be liquidated - moratorium shall cease to have effect - application allowed. - I.A. No. 1596/2021 and IB-2012/(ND)/2019 - - - Dated:- 20-9-2021 - P. S. N. Prasad , Member ( J ) And Sumita Purkayastha , Member ( T ) For the Appellant : T. N. Durga Prasad , Advocate ORDER P. S. N. Prasad , Member ( J ) 1. This is an application filed by the Resolution Professional under Section 33 (2) of Insolvency and Bankruptcy Code, 2016 (hereinafter referred as the Code ) for order of liquidation of the Corporate Debtor, 'M/s. Awsum Proteins Limited'. 2. The facts in brief are that an application for Corporate .....

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..... r. Manik Goyal having registration number IBBI/IPA-001/IP-P00278/2017-18/10522 to act as Liquidator for the Corporate Debtor and Fee for the Liquidator was fixed at ₹ 1 Lakh per month. 6. This application has been filed as per the provisions of section 33 of IBC, 2016 of which the relevant sub-section 1 and 2 of section 33 is reproduced hereunder; 33. (1) Where the Adjudicating Authority,- a. before the expiry of the insolvency resolution process period or the maximum period permitted for completion of the corporate insolvency resolution process under section 12 or the fast-track corporate insolvency resolution process under section 56, as the case may be, does not receive a resolution plan under sub-section (6) of sectio .....

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..... th the following directions: a. Mr. Manik Goyal, Insolvency Professional holding registration no. IBBI/IPA-001/IP-P00278/2017-18/10522, is appointed as Liquidator and has given consent to act as the Liquidator vide written communication dated 31.12.2020, under section 34 of the Insolvency and Bankruptcy code, 2016 read with Regulation 3 of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. b. Mr. Manik Goyal, is directed to issue Public Announcement stating that the corporate debtor is in liquidation, in terms of Regulation 12 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016; c. The Registry is directed to communicate this Order to the Registrar of Companies .....

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