2019 (10) TMI 178

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.... 1) To pass an order requiring the Corporate Debtor to be liquidated, in terms of the provisions of Section 33(1)(a) of the Code; 2) To issue a public announcement stating that the Corporate Debtor is in liquidation; 3) To direct that a copy of the order be sent to the Registrar of Companies at Ahmedabad; 4) To direct that pending hearing and final disposal of the present Application, till the pronouncement of the commencement of liquidation, (i) the moratorium in terms of Section 14 of the Code to continue till the pronouncement of the order of liquidation for the Corporate Debtor (ii) The RP shall continue its role as an RP of the Corporate Debtor, till the pronouncement of the order of liquidation for t....

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....est until 18.08.2018 and submission of Resolution Plan until 27.08.2018. 4. That ever after the extension of time for submission of Expression of Interest no Resolution Plan received to revive the Company, thereby 180 days are also lapsed, as such an IA i.e. IA 197/2018 is filed by the RP under section 12 of the IB Code seeking for extension of time for CIRP by further 90 days. The said extension was granted by this Bench on 08.06.2018. 5. Meanwhile, the Committee of Creditors in its 10th meeting held on 29.08.2018 recorded that RP received no Resolution Plan from the potential Resolution Applicant, as such by way of majority of 90.61% of voting share the Committee of Creditors in its 11th meeting resolved to file liquidation applicat....