2018 (11) TMI 1900

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....AMA KUMARI, MEMBER JUDICIAL ORDER Advocate Mr. Akshat Khare is present for the applicant/RP. Advocate Mr. Raju Kothari is present for the Respondent/COC. Mr. R. Mahadev is present for the suspended management. The instant application is filed under section 33(1) and 33(2) of the Insolvency and Bankruptcy Code with following prayers to pass an order: (a) for the liquidation of the Corporate De....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tted that the period of 180 days provided for CIRP was going to be over by 12.08.2018, however, the Committee of Creditors in meeting dated 26.07.2018, and followed by E-voting held on 30.07.2018 & 31.07.2018, took a conscious decision to not to extend the period of CIRP, which is duly reflected in the para 4.10 of the present application. For the sake of convenience, the same is reproduced herein....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e present Corporate Debtor Company eg. Kohinoor Diamonds Pvt. Ltd., as, there is more than 89% voting of the members of the COC favouring for liquidation process. In view of the above the order for liquidation of the present Corporate Debtor is passed. This Adjudicating Authority hereby appoint Mr. Amit Gupta as 'Liquidator' under section 34(1) of the Code. It is hereby further directed; that th....