9911796707
TMI Blog2021 (10) TMI 710X X X X Extracts X X X X X X X X Extracts X X X X ..... of Creditors with 100% voting share, the payer for liquidation of the corporate debtor under Section 33 of the Code is hereby allowed. Application allowed. - I.A. 4540/2020 in Company Petition No. (IB) - 1023(ND)/2018 - - - Dated:- 6-10-2021 - Dr. Deepti Mukesh, Member (J) And Sumita Purkayastha, Member (T) For the Appellant : Vivek Parti ORDER Sumita Purkayastha, Member (T) 1. This is an application filed by the Resolution Professional under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred as the Code ) for issuance of directions for liquidation of the Corporate Debtor, Advance Home and Personal Care Private Limited. 2. The facts in brief are that the operational creditor, Model ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... were received by applicant. However due to nationwide lockdown declared by government, the applicant in terms of Regulation 40C, issued fresh submission of plans. It is submitted that the CoC in its 9th meeting held on 11.09.2020, authorized the applicant to file application for extension of CIRP period considering extension of time given to PRAs for submission of Resolution Plan. However, the extension was not required as no resolution plan was submitted by any PRAs. 8. It is stated that the last date for submission of resolution plan was 24.09.2020, and no resolution plan was received from any PRAs. Considering this fact the CoC in its 11th meeting held on 03.10.2020 approved the resolution for liquidation of the Corporate Debtor and f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ering liquidation of the corporate debtor, namely M/s. Advance Home and Personal Care Private Limited in the manner laid down in the Chapter III of Part II of the Insolvency and Bankruptcy Code, 2016 along with following directions: a. Mr. Vivek Parti, having registration number IBBI/IPA-001/IP-P00813/2017-18/11376, is appointed as Liquidator in terms of Section 34(1) of the Code. b. Mr. Vivek Parti, 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 (Regulations); c. The Registry is directed to communicate this Order to the Registrar of Companies, NCT of Delhi Haryana a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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