9911796707
TMI Blog2019 (12) TMI 1584X X X X Extracts X X X X X X X X Extracts X X X X ..... handra Bhan Singh, Member (Technical) For the Applicant: Advocate Geeta Lalwani a/w Advocate Amey Hadwale ORDER Per: Chandra Bhan Singh, Member (Judicial) 1. This is an Application submitted on 13.08.2019 U/s.33 of the Insolvency & Bankruptcy Code, 2016 (hereinafter referred to as "I&B Code") by Mr. Dhanshyam Kantilal Patel, the Resolution Professional of the Corporate Debtor M/s. Krishnai Hos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ebruary 2019, a public announcement inviting claims from all the creditors in form A of the Schedule II as per regulation 6 of IBBI was published by the Applicant on 15th February 2019 in Free Press Journal (All India Edition) and Navkal (Maharashtra Edition) having its circulation in the region where the registered office of the Corporate Debtor is situated. 4. Pursuant to the public Announcemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... there has been no income from the Company of the Corporate Debtor. The Financial Creditor unanimously decided to Liquidate the Company of the Corporate Debtor. 7. Thereafter, in the 9th COC meeting held on 01.08.2019, a resolution with 100% vote was passed by the members of COC to initiate liquidation proceedings against the Corporate Debtor. 8. The resolution was passed in the following manner ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Mr. Dhanshyam Patel be appointed as liquidator subject to approval of this Bench. 10. The Resolution Professional Mr. Dhanshyam Patel has given his written consent to act as 'Liquidator' on 08.08.2019 under Regulation 3(1A) of the IBBI (Liquidation Process) Regulations, 2016. 11. The Resolution Professional submits that on 21.02.2019 two registered valuers were appointed approved by the CoC nam ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e in Vernacular Language i.e. Marathi, about the Liquidation of the Corporate Debtor as per the provisions of the Code. iv. Copy of this Order shall be forwarded to the Concerned Authority with which the Corporate Debtor is Registered. 13. The Liquidator is at liberty to seek any directions, if need be, from this Bench during the Liquidation Process. 14. The Liquidator is hereby Authorized to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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