2018 (4) TMI 1598

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Batura, Hemant Verma, Advs. For the Respondent : None ORDER This is an application with a prayer to initiate liquidation process in the matter of corporate debtor namely Vedica Nut Crafts Pvt. Ltd., on the ground that no resolution plan has been received. It is appropriate to mention that on 12.01.2018, a similar prayer was made when status report was filed. The prayer made in this app....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... perform his statutory duty contemplated by Section 25(2)(h) of the code and to proceed with the issuance of a public notice inviting resolution plan. In pursuance of directions issued, the resolution professional published a notice in the Newspaper dated 23.01.2018(A2 & A3). Thereafter the matter was placed before the COC and in the fifth meeting dated 19.03.2018 of the COC, it was concluded that....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ied with. We are satisfied that the company namely Vedica Nuts Crafts Pvt. Ltd.-corporate debtor has to be liquidated. The resolution professional who is present before us has expressed his inability to continue as a liquidator on account of his other engagements as well as nonreceipt of complete fee. In view of the above, we appoint Mr. Shashi Kant Nemani, Email. Id [email protected] Mobile N....