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TMI Blog2022 (1) TMI 569X X X X Extracts X X X X X X X X Extracts X X X X ..... (IB) No. 1074/KB/2021 in CP (IB) No. 188/KB/2019 - - - Dated:- 6-1-2022 - Rohit Kapoor, Member (J) And Harish Chander Suri, Member (T) For Appearing Parties: Rishav Banerjee, Aishwarya Kumar Awasthi and Rajarshi Banerjee, Advocates ORDER Harish Chander Suri, Member (T) 1. This court was convened via video conferencing. 2. This is an application filed by the Resolution Professional with the approval of the Committee of Creditors (CoC) seeking liquidation of the Corporate Debtor, viz., B.D. Motors Limited [CIN: U34103WB2009PLC133634], on the ground that the CIRP period has expired and no resolution plan was received by the Committee of Creditors ('CoC'). The Applicant has sought for the following reliefs: a. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed with the Adjudicating Authority on 11.06.2020. Subsequently, after the re-constitution of the CoC with 4 financial creditors, a revised Report on the constitution of the CoC was filed with the Adjudicating Authority on 21.06.2020 6. The first meeting of the CoC was held on 18.08.2020. The Applicant states that the publication for invitation of EoIs in Form G was done on 04.02.2021 in Business Standard (English) and Anandabazar Patrika (Bengali) (Kolkata edition), newspapers. The last date of submission of EOI was 19.02.2021. It is submitted that the RP received no EOI's. 7. It is submitted that the Committee of Creditors, in the 9th COC meeting held on 20th November, 2021, approved the decision to liquidate the Corporate Debtor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Bimal Kanti Choudhury [Reg. No. [Reg. No. IBBI/IPA-001/IP-P01028/2017-2018/11682], is hereby appointed as Liquidator is hereby appointed as Liquidator as provided under section 34(1) of the Code, c. The Liquidator shall initiate liquidation process as envisaged under Chapter-III of the Code and the Insolvency Bankruptcy Board of India (Liquidation Process) Regulations, 2016. d. Public Notice shall be issued in the same newspapers in which advertisements were issued earlier, i.e., Business Standard (English) and Anandabazar Patrika (Bengali) (Kolkata edition), stating that the Corporate Debtor is in liquidation. e. All the powers of the Board of Directors, and of key managerial persons, shall cease to exist in accordance w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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