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TMI Blog2022 (5) TMI 1201X X X X Extracts X X X X X X X X Extracts X X X X ..... btor. 2. The Adjudicating Authority vide its order dated 26.04.2018 in a Petition filed by the Operational Creditor under Section 9 of the Code directed initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor namely Girna Infraprojects Pvt. Ltd., wherein Mr. Prakash Nath Mishra (Applicant), was appointed as Interim Resolution Professional (IRP). Thereafter, the Applicant was further appointed as Resolution Professional (RP) by the CoC. 3. The Applicant has reported that there was no expression of interest or resolution plan received for the Corporate Debtor and hence the committee of creditors authorized the resolution professional with 100% voting rights on 9th January 2019 under section 33(2) of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nse or acknowledgment received from the said bank. There were several bank accounts of the Corporate Debtor in State Bank of India and the amounts to the credit of those accounts has been transferred to the liquidation account. 6. The Applicant states that, the total realization after transferring all amounts to the credit of the liquidation account is as under :- Sr. No Particulars Amount Amount transferred to liquidation account 1. Axis Bank, Nashik CA No: 916020026337409 358 Nil 2. SBI Branch 01469 TDR 32011618632 1,67,007 1,67,007 3. SBI Branch 01469 TDR 31964919176 24,314 22,982 4. Laxmi Vilas Bank, Nashik CA: 0494360000000511 5,874 5,874 Total 1,97,553 1,95,863 i. Axis Bank account has accumulated una ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... quidator submits that the as per Regulation 13 of IBBI (Liquidation Process) Regulations, 2016 Preliminary report was filed on 01.04.2019 and the 1st quarterly report was filed on 15.04.2019, 2nd quarterly report was filed on 05.07.2019 and 3rd quarterly report was filed on 15.10.2019. Thereafter, 4th quarterly report was filed on 15.01.2020. 11. The Applicant states and submits that as per Regulation 45 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, the Final Report along with Compliance Certificate in Form - H was filed with this Hon'ble tribunal on 02.03.2020. 12. The Applicant states that the Bank Account of the Corporate Debtor with State Bank of India, address at: Nasik Road Branch Rigved, N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rom the date of such order, be forwarded to the authority with which the corporate debtor is registered. 16. As a consequence, through this Order it is hereby declared that not only it is just and equitable but as all the assets of the Corporate Debtor is sold and disposed of, no asset is available for the purpose of 'Liquidation' as reported by Learned Liquidator, this is a fit case of a Corporate Debtor to be dissolved as prescribed under Section 54 of The Insolvency and Bankruptcy Code, 2016. Ordered accordingly, stood 'Dissolved' from the date of this Order. 17. Since the Debtor Company stood Dissolved vide this order and no proceedings are now pending, therefore the Registry is directed that the case file be consigned to records. 18 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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