2021 (6) TMI 1017

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....ember (J) and Chockalingam Thirunavukkarasu, Member (T) For the Appellant : Vinod Kumar Shah, Learned Counsel ORDER Madan B. Gosavi, Member (J) (THROUGH VIDEO CONFERENCING) 1. The Instant Application IA 358 of 2021 in CP (IB) 40 of 2019, is filed by Mr. Kailash T Shah, Liquidator of M/s. Subhlaxmi Dyeing & Printing Mills Private Limited, the Corporate Debtor, under Section 54 of the....

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....tion of the Corporate Debtor. In accordance with the decision of the COC taken in the said meeting, the RP preferred an application under Section 33 of the Code before this Adjudicating Authority which was registered as Interlocutory Application (LB) No. 104 of 2019. This Adjudicating Authority vide its order dated 10.03.2021 directed the Corporate Debtor to be liquidated and appointed Mr. Kailash....

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....stributed proceeds with the Applicant. Hence, no amount is required to be transferred to Corporate Liquidation Account. 2.6 Having satisfied to the fullest extent that no further assets to be utilized for recovery of dues of the Creditors/Stakeholders, no further proceedings would remain in the Liquidation Process of the Corporate Debtor, the Liquidator has approached this Adjudicating Au....