2021 (6) TMI 1018

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.... Bankruptcy Code, 2016 (hereinafter referred to as "IBC, 2016"). 2. The facts, in brief, are that the Corporate Debtor was admitted into Corporate Insolvency Resolution Process (hereinafter referred to as "CIRP") by this Authority vide order dated 08.12.2020 in CP (IB) No. 635/9/NCLT/AHM/2019 filed under Section 9 of IBC, 2016. CIRP commenced on 08.12.2020. The IRP made public announcement inviting submission of claims on 11.12.2020, wherein the last date for submission of claims was 23.12.2020. Only one claim was filed by Operational Creditor to the tune of Rs. 5,25,000/-. Committee of Creditors (hereinafter referred to as "COC") was formed comprising one unsecured Operational Creditor having 100% voting rights. First meeting of COC was h....

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.... has also resolved to contribute to the costs of liquidation. The name of the RP has been proposed by the applicant in the present application whose name has already been approved by COC to act as liquidator. Hence the proposed RP/applicant is appointed to act as a liquidator. 4. In view of above facts and applicable legal position, IA 311/2021 stand allowed. ORDER I. As per the Section 34(1) of the LB. Code, the Applicant/Resolution professional, Ms. Bhavi Shrevans Shah, having Registration No. IBBI/IPA-001/IP-P00915/2017-18/11521 is hereby appointed as a Liquidator of the Corporate Debtor company M/s. Bansal Shipping Private Limited, which has been duly approved by COC in its meeting dated 06.01.2021. II. The present IA/311(AHM)/202....