2019 (12) TMI 130

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....lavarasi, Advocate for the Applicant. ORDER 1. It is an MA filed u/s 33(2) of the Insolvency & Bankruptcy Code, 2016 ("the Code") by the Resolution Professional of M/s. Orchid Health Care Private Limited (Corporate Debtor) seeking liquidation basing on the resolution passed by the CoC on its 3rd Meeting held on 19.06.2019. 2. On perusal of the Company Petition, it is evident that this cas....

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....Bench hereby orders the Corporate Debtor to be liquidated in the manner as laid down in the Chapter by issuing a public notice stating that the Corporate Debtor is in liquidation with a direction to the liquidator to send this order to ROC with which this company has been registered. (b) The Resolution professional viz Mr. Ramakrishnan Sadasivan is hereby appointed to act as Liquidator fo....

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....ate under section 53 of the Code. (c) Since this liquidation order has been passed, no suit or other legal proceedings shall be instituted by or against the Corporate debtor without prior approval of this Adjudicating Authority save and except as mentioned in sub-section 6 of section 33 of the Code. (d) This liquidation order shall be deemed to be notice of discharge to the offic....