2022 (5) TMI 1201

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nting of "Dissolution" of Corporate Debtor. 2. The Adjudicating Authority vide its order dated 26.04.2018 in a Petition filed by the Operational Creditor under Section 9 of the Code directed initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor namely Girna Infraprojects Pvt. Ltd., wherein Mr. Prakash Nath Mishra (Applicant), was appointed as Interim Resolution Professional (IRP). Thereafter, the Applicant was further appointed as Resolution Professional (RP) by the CoC. 3. The Applicant has reported that there was no expression of interest or resolution plan received for the Corporate Debtor and hence the committee of creditors authorized the resolution professional with 100% voting rights on 9....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....with reminder on 31.10.2019, 06.11.2019 and 29.11.2019. However, there is no response or acknowledgment received from the said bank. There were several bank accounts of the Corporate Debtor in State Bank of India and the amounts to the credit of those accounts has been transferred to the liquidation account. 6. The Applicant states that, the total realization after transferring all amounts to the credit of the liquidation account is as under :- Sr. No Particulars Amount Amount transferred to liquidation account 1. Axis Bank, Nashik CA No: 916020026337409 358 Nil 2. SBI Branch 01469 TDR 32011618632 1,67,007 1,67,007 3. SBI Branch 01469 TDR 31964919176 24,314 22,982 4. Laxmi Vilas Bank,....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....; and the affairs of the corporate debtor do not have adequate records and information which require any further investigation by the liquidator. 10. The Applicant/ Liquidator submits that the as per Regulation 13 of IBBI (Liquidation Process) Regulations, 2016 Preliminary report was filed on 01.04.2019 and the 1st quarterly report was filed on 15.04.2019, 2nd quarterly report was filed on 05.07.2019 and 3rd quarterly report was filed on 15.10.2019. Thereafter, 4th quarterly report was filed on 15.01.2020. 11. The Applicant states and submits that as per Regulation 45 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, the Final Report along with Compliance Certificate in Form - H was filed with th....