2022 (4) TMI 779

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.... EOIs from any Prospective Resolution Applicants. 3. As no PRA filed the EOI with the Applicant, the sole Financial Creditor, being the member of CoC, on 15.02.2021 has resolved to Liquidate the Company and appoint the Mr. Bhavesh Mansukhbhai Rathod, having registration IBBI/IPA-001/IP-P01200/2018-2019/11910, RP as the Liquidator in the said matter. The Resolution of the CoC is as follows. ITEM NO. B2: TO CONFIRM AND APPROVE THE APPOINTMENT OF MR. BHAVESH RATHOD (REGISTRATION NO. (IBBI/IPA-001/IP-P01200/2018-19/11910) AS THE RESOLUTION PROFESSIONAL ("RP") OF THE CORPORATE DEBTOR ALONGWITH HIS FEES AND EXPENSES As per Section 22(2) of the Insolvency and Bankruptcy Code, 2016, the committee of creditors, may, in the first....

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....wn uptill March 1, 2021. g. The Hon'ble NCLAT vide its order dated November 2, 2020 in the matter of Hemant Sharma Resolution Professional of Global Softech Ltd. has allowed exclusion of 175 days for the purpose of counting the timeline of 180 days. 6. This Bench is satisfied with the reasons explained by the Applicant and hence orders Liquidation of the Corporate Debtor. The RP is appointed as the Liquidator and his fees will be paid as per the Liquidations. 7. On hearing the submissions of the Applicant and on reading the Application and the documents enclosed therein, for the RP has complied with the procedure laid under the Code read with Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for Corpor....