2022 (5) TMI 1209

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....directions for liquidation of Anjali Waterford Hospitality and Infra limited (hereinafter referred to as "Corporate Debtor") by this Adjudicating Authority. 2. The gist of the application in brief are:- 2.1. The Operational Creditor i.e., Shri. P Raghava Rao has filed a Petition under Section 9 of the Code vide number CP (IB) No. 251/9/HDB/2020 for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. The said Petition was admitted by this Adjudicating Authority vide order dated 22.02.2021 and appointed Shri. Pradeep Kumar Sravanam, the applicant herein as Interim Resolution Professional (IRP). 2.2. Pursuant to the Publication of notice inviting claims from the creditors of the Corporate De....

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....tor for the Corporate Debtor and the members with 100% voting fixed the fees of the Liquidator as per the Regulation 39D of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, as Rs. 3,50,000/- 3. We have heard the Learned Counsel for the Applicant/RP, perused the record and noted that no viable plans has been received till the last date of submission of EoIs. 4. It is noted from the resolution passed by the COC members that Shri. Pradeep Kumar Sravanam, the applicant herein, having IP No. IBBI/IPA-003/IP-N000100/2017-2018/11009, is proposed as the Liquidator and his written consent for acting as the Liquidator for the Corporate Debtor has been given on 21.12.2021. 5. We....