2021 (11) TMI 869

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....pplication is to pass an order of liquidation pertaining the Corporate Debtor viz., M/s. Growth ways Trading Private Limited. 2. Originally IB/1443/ND/2019 filed under Section 10 of the I & B Code, 2016 by the Corporate Debtor was admitted by this Authority vide Order dated 17.12.2019, the CIR Process was initiated against the Corporate Debtor and the Applicant viz., Mr. Sunil Kumar Agrawal was appointed as Interim Resolution Professional (IRP). 3. It is averred that pursuant to the Order of this Authority dated 17.12.2019 the IRP had taken over the management of the Corporate Debtor and had issued the Newspaper Publication dated 26.12.2019 in two editions one in English and another in vernacular as per Regulation 6(1) of the Insolven....

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....resolution plan could be submitted by the prospective resolution applicant. 9. The COC has decided in the 6th COC meeting held on 22.01.2021 seeking exclusion and extension of CIRP period from 25.03.2020 to 31.12.2020 by excluding 282 days from the CIRP process due to COVID-19 and the application was allowed by this tribunal. 10. The IRP was appointed as Resolution Professional (RP) in the sixth COC meeting held on 22.01.2021. 11. The COC has appointed M/s. Amit Ishwar Singh and Company for physical verification of Inventory at Godown Village Kabulpur, Ballabgarh, Faridabad. The inventory at Godown village Kabulpur, Ballabgarh, Faridabad. The inventory includes item i.e., apparels, jeans, T-shirts, shirts, suits, sarees, body warme....

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....-002/IP-N00081/2017-18/10222 has been appointed as liquidator under Section 34 of IBC, 2016 in 11th COC meeting of COC. The consent form AA is annexed herewith as Annexure A-10. ORDER 18. In view of the facts and circumstances recorded by Resolution Professional in IA/4304/2021 filed in CP/IB/1443/ND/2019 and in exercise of powers conferred under Sub-Clauses (i)(ii) and (iii) of Clause (a) of Sub-Section (1) of Section 33 of the I & B Code, 2016, this Authority proceeds to pass Liquidation Order as follows:- I. This Authority hereby orders for liquidation of the Corporate Debtor viz., M/s. Growthways Trading Private Limited which shall be conducted in the manner as laid down in Chapter III of part II of the I & B Code, 2016; ....