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TMI Blog2021 (12) TMI 680X X X X Extracts X X X X X X X X Extracts X X X X ..... te of the Insolvency and Bankruptcy Board of India (IBBI). In the circumstances and there being no other alternative, this Bench is inclined to accept the Resolution of the COC and order Liquidation of the Corporate Debtor - Liquidation of the Corporate Debtor, M/s. Victory Infratech Private Limited is allowed in the manner as laid down in the Chapter III of Part II of the Insolvency and Bankruptcy Code, 2016 and in accordance with the relevant Rules and Regulations - application allowed. - IA-719/ND/2021 in Company Petition No. (IB)-1627(ND)2019 - - - Dated:- 8-12-2021 - Bhaskara Pantula Mohan , Member ( J ) And Hemant Kumar Sarangi , Member ( T ) For the Appellant : Ahsan Ahmad and Aishwarya Mohan Gahrana , RP ORDER B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Interim Resolution Professional made a public announcement in the Form-A, which was published in the newspapers namely, the Business Standard (English) in Delhi/NCR edition and Business Standard (Hindi) in Delhi/NCR edition on 30.10.2019. The said public announcement was uploaded on the website of the Insolvency and Bankruptcy Board of India (IBBI). 4. It is stated by the Applicant that the CoC was constituted comprising of Sole Financial Creditor namely M/s. LIC Housing Finance Ltd. 5. It is stated by the Applicant that in the second meeting of the Committee of Creditors was held wherein the Resolution Professional apprised the members that the information Memorandum could not be prepared as the members of the suspended Board of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... actual cost incurred by him. RESOLVED FURTHER THAT the Resolution Professional be and is hereby authorized to submit an application before the Hon'ble Adjudicating Authority and to do all such acts, deeds ana things as may be required or considered necessary or incidental thereto. 7. It is further submitted by the Applicant that the aforesaid Resolutions were passed by 100% voting share. 8. That the RP has also filed his written communication to act as Liquidator of the corporate debtor as required under Section 34(1) of the IBC, 2016. 9. In the circumstances and there being no other alternative, this Bench is inclined to accept the Resolution of the COC and order Liquidation of the Corporate Debtor. 10. In sequel to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hority within seventy-five (75) days from the Liquidation commencement date as per Regulation 13 of the Insolvency and Bankruptcy (Liquidation Process) Regulations, 2016. g. The Registry is directed to communicate a copy of the Order to the Financial Creditor, the Corporate Debtor and Liquidator Mr. Aishwarya Mohan Gahrana at the earliest but not later than seven days from today. h. A copy of this Order be sent by the Registry and Liquidator to the Registrar of Companies (RoC), NCT of Delhi Haryana for updating the Master Data. After updating the Master Data, ROC shall send compliance report to the Registrar, NCLT within a period of 30 days; i. The Registry and Liquidator are directed to communicate a copy of this Order to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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