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TMI Blog2021 (11) TMI 234X X X X Extracts X X X X X X X X Extracts X X X X ..... g concern on the ground that no assets of Corporate Debtor exist. The COC has also resolved in the said meeting to appoint the applicant (RP) Liquidator who has also given consent to act as a Liquidator. The order of liquidation of the Corporate Debtor is allowed - application allowed. - I.A. No. 136 of 2021 in (MP) C.P. (I.B.) No. 85/2020 - - - Dated:- 1-10-2021 - Dr. Deepti Mukesh, Member (J) And Virendra Kumar Gupta, Member (T) For the Appellant : Rushabh Shah, Learned PCS ORDER Dr. Deepti Mukesh, Member (J) 1. This Interlocutory Application No. 136 of 2020 in (MP)CP(IB) No. 85/NCLT/2020 under Section 33(1), 33(2) and 34(1) of the Insolvency Bankruptcy Code has been filed by Mr. Neha Firoda, Resolution Professiona ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bilities. It is also resolved by the COC by 100% voting in the said meeting to liquidate the corporate debtor. 6. The applicant submitted that the COC in the second meeting dated 02.06.2021 also assessed the Liquidation Cost of the Corporate Debtor to the Tune of ₹ 2,50,000/- including the costs of the Liquidator as envisaged under regulation 39B 39 D CIRP Regulations. It is further submitted by the applicant that it is difficult to sell the Corporate Debtor to as a going concern as there are no assets available of the Corporate Debtor. 7. Heard the submission made and after perusing the documents on record, it is noted that the company is not having assets and funds to meets the liabilities of the Corporate Debtor. The COC in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion professional, Neha Firoda (Registration No. IBBI/IPA-001/IP-P1938/2020-21/13093) is hereby appointed as a Liquidator of the company, M/s. RJVS Traders Private Limited, having CIN No. CIN: U74999MP2013PTC048860 who shall complete the liquidation process as per the provision of Insolvency and Bankruptcy Code, 2016 r.w. Insolvency and Bankruptcy Board of India (Liquidation Process) Regulation, 2016. It is further directed to endeavor to sell the Corporate Debtor firstly as a going concern as per the resolution passed by COC. V. This liquidation order shall be deemed to be notice of discharge to the officers, employees, and workmen of the Corporate Debtor except to the extent of the business of the Corporate Debtor continued during th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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