9911796707
TMI Blog2019 (5) TMI 1910X X X X Extracts X X X X X X X X Extracts X X X X ..... Limited - the Corporate Debtor to start Corporate Insolvency Resolution Process (in short, "CIRP") of the Corporate Debtor, as the Corporate Debtor committed default in paying the financial debt of Rs. 39,18,000/-. 2. This authority by order dated 02.08.2018 admitted the corporate debtor in CIRP. One, Mr. Mohit Bhuteria having registration no.IBBI/IPA-001/IPP00143/2017-18/10307 was appointed as the IRP. However, on 05.09.2018, Mr. Bhuteria appeared before this authority and showed his inability to proceed with CIRP on personal ground. His appointment was cancelled. He was discharged from the responsibility as the IRP. One, Mr. Ardhendu Shekhar Raut having registration no.IBBI/IPA-002/O{-N00024/2016-17/10051 is appointed as the IRP, a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ospective resolution applications to submit Eol/Resolution Plan on or before 02.02.2019. IRP also filed application before this authority against the occupier of the above flat for direction to vacate the flat. That application is still pending because the issue whether the flat is the asset of the corporate debtor is seriously being challenged. 7. CIRP period of 180 days completed on 28.01.2019. IRP requsted this authority to give extension of 90 days as per section 12(2) of the IBC. However, his request was not supported by the CoC. CoC did not pass such resolution. Hence, his request was turned down. This authority made enquiry with the IRP whether he received any resolution plan but IRP submitted that there was no response from anybody ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ebtor is in liquidation, in terms of Regulation 12 of the IBBI(Liquidation Process) Regulations, 2016. 4. The Registry is directed to communicate this order to the Registrar of Companies, West Bengal and to the Insolvency and Bankruptcy Board of India (IBBI), New Delhi. 5. The Order of Moratorium passed under Section 14 of the I&B Code, 2016 shall cease to have effects and a fresh moratorium under Section 33 (5) shall commence. 6. This order is deemed to be a notice of discharge to the officers, employees and the workmen of the Corporate Debtor as per Section 33 (7) of 1&B Code, 2016. 7. The Liquidator is directed to proceed with the process of liquidation in a manner laid down in Chapter III of the Insolvency and Bankruptcy Code, 2016. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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