2020 (1) TMI 1379

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.... Mohapatra Hon'ble Member (Technical) For the applicant:- Mr. Abhishek Anand, Mr. Sumit Bindal, Mr. Tushar Tyagi, Mr. Mohak Bansal, Mr. Viren Sharma. For the Respondent:- Ms. Megha Choubey. ORDER B.S.V. Prakash Kumar, C.A. No. 2760(PB)/2019 Learned counsel for the Ex-Promoters/Directors is present and filed e-vakalatnarna. It is a liquidation application filed under Sectio....

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....tly he determined the liquidation value of the Company as Rs. 119.36 crores based on the average of the valuation given by the two valuers. Upon which, he prepared information of memorandum, consequent to it, issued invitation for expressions of interest. Based on fourteen expressions of interest received by the Resolution Professional, out of those fourteen expressions of interest, two of them al....

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....re COC has passed a resolution with requisite majority proposing for liquidation of the Company, accordingly we hereby order for liquidation of the company with the following directions:- a. Mr. Gyan Chand Narang is appointed as Liquidator in terms of Section 34(1) of the Code; b. Mr. Gyan Chand Narang is directed to issue Public Announcement stating that the corporate debtor is ....

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.... act in terms of the decision of  Hon 'ble Appellate Tribunal passed in Company Appeal (AT) (Ins.) No. 224 Of 2018 in the matter of Y. Shivram Prasad v. S. Dhanapal decided on 27.02.2019 inter alia to ensure that the corporate debtor remains a going concern. g. The liquidator shall follow up and investigate the financial affairs of the corporate debtor in accordance with provisio....