TaxTMI 
TaxTMI 
2021 (5) TMI 431
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....dvocate for Indialaw LLP and P.S. Ganesh, Advocate ORDER R. Sucharitha, Member (J) 1. IA/213/IB/2020 filed by the Resolution Professional seeking order of liquidation of the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. 2. The Applicant/RP submits that by order dated 30.04.2019, this Adjudicating Authority had passed an order for Corporate Insolvency Resolution Process ("CIRP") of the Corporate Debtor and the Applicant herein was appointed as the IRP. 3. The Applicant/RP states that in the 1st CoC meeting which was held on 22.05.2019, the IRP was appointed as Resolution Professional. 4. The Applicant submits that Form-A making a Public announcement inviting claims was published in one issue of Engli....
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.... An application under Section 45, 49, 66 & 69 of the Code seeking a direction against Mr. A. Raghuram and Mr. Arumugasamy is pending before this Adjudicating Authority for adjudication. 9. The Applicant submits that Form G was published in "Economic Times" and "Dhina Thandi" both dated 28.08.2019. The last date for receipt of Expression of Interest was 27.09.2019 and the last date for submission of Resolution Plans was specified as 11.11.2019. However, no Expression of Interest was received and hence there was no pending Resolution Plan for consideration. 10. In the 5th CoC meeting held on 12.11.2019, the Applicant published addendum in "Economic Times" and "Dhina Thandi" both dated 18.11.2019. The last date for receipt of Expression of I....
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....arly, in relation to preferential transactions/undervalued transactions and such other similar transactions including fraudulent preferences and file suitable application before this Adjudicating Authority. d) The Registry is directed to communicate this order to the Registrar of Companies, Chennai and to the Insolvency and Bankruptcy Board of India; e) In terms of section 178 of the Income Tax Act, 1961, the Liquidator shall give necessary intimation to the Income Tax Department. In relation to other fiscal and regulatory authorities which govern the Corporate Debtor, the Liquidator shall also duly intimate about the order of liquidation. f) The order of Moratorium passed under Section 14 of the Insolvency and Bankruptcy Code, 2016 s....
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....nder: A) IA/35/2021 in IA/213/IB/2020 in IB A/332/2019, seeking relief as follows: "That this Hon'ble Tribunal may be pleased to treat the matter as Urgent to hear and pass such orders on the Application filed deem fit and proper for meeting the ends of justice in Application Efiling SR. No. 330518/00134/2021". B) E Filing Diary No. 3305118/00134/2021, seekings relief as follows: i. That this Hon'ble tribunal may be pleased to treat this matter as Urgent and fix an early date for re-hearing of the facts enumerated in the Application and thus render justice. ii. Change the Resolution Professional who is acting in detrimental interest of the secured asset thereby defeating the very object of the code by not seeking to work f....