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TMI Blog2022 (8) TMI 177X X X X Extracts X X X X X X X X Extracts X X X X ..... uidation process against the Corporate Debtor. Accordingly, the Adjudicating Authority Orders for initiation of Liquidation of the Corporate Debtor. c. In view of the above this Bench hereby appoints Ms. Nishi Jain as Liquidator having [Reg. IBBI/IPA-001/IPP01662/ 2019-20/12664], having its address at A-102, Krishna Tower, Ashok Nagar, Kandivali East, Mumbai - 400101, as Liquidator in terms of section 34(1) of the Code. d. The fees of the liquidator to be paid as approved by the CoC. e. The Liquidator shall initiate the liquidation process as envisaged under Chapter-III of the Code and the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016; f. Whenever the Liquidator issues any publication in the ne ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Companies, Maharashtra, Mumbai, within whose jurisdiction the Corporate Debtor has been registered, for updating the Master Data of the Corporate Debtor. p. IA 971 of 2021 is allowed. File to be consigned to records. - IA 971 of 2021 In CP (IB) 1427/MB/C-II/2019 - - - Dated:- 29-7-2022 - Justice P.N. Deshmukh (Retd.) : Member (Judicial) And Shyam Babu Gautam : Member (Technical) For the Applicant : Adv. Yahya Batatawala Resolution Professional : Ms. Nishi Jain ORDER Per: Justice P.N. Deshmukh, Member Judicial 1. It is an Application filed u/s 33 of the Insolvency Bankruptcy Code, 2016 (hereinafter referred to as Code) by Mr. Nishi Jain, Resolution Professional (RP) of Salasar Enterprises Private Limited ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tation of Expression of Interest (EoI) from the prospective Resolution Applicants was discussed and decided to be called. 6. The Expression of Interest (EoI) was issued on 23.12.2020 inviting prospective Applicants to submit EoI in Form G in Free Press Journal (English) and Navrashtra (Marathi). 7. In the 3rd CoC meeting held on 07.01.2021, valuation report of the Registered Valuer and placed before the CoC. The Applicant also apprised the members of the CoC about two responses received from EoI. 8. In the 4th COC meeting held on 12.02.2021, wherein the Applicant informed the CoC that the Letter of Undertaking had been forwarded to the prospective Applicants but had not received any response for the Information Memorandum and Lette ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any with following directions :- a. Upon perusal of the documents, records made available and submissions of the Counsel for the RP in the fifth CoC meeting held on 15.03.2021, the CoC decided to Liquidate the Corporate Debtor and directed the RP to file an application under section 33 (2) of the Code for liquidation of the Corporate Debtor. b. In view of the decision of the CoC, we are inclined to admit the IA 971/2021 in CP 1427/2019 to initiate liquidation process against the Corporate Debtor. Accordingly, the Adjudicating Authority Orders for initiation of Liquidation of the Corporate Debtor. c. In view of the above this Bench hereby appoints Ms. Nishi Jain as Liquidator having [Reg. IBBI/IPA-001/IPP01662/ 2019-20/12664], havin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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