TaxTMI 
TaxTMI 
2022 (5) TMI 1309
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....l seeking liquidation of the Corporate Debtor, viz., Purple Advertising Services Private Limited [CIN: U74300WB2008PTC127335], on the ground that no Resolution Plan has been approved by the CoC and the CoC by 100% voting share approved liquidation of the Corporate Debtor. 3. This Adjudicating Authority vide order dated 29/10/2019 on a Petition filed by United Bank of India (Financial Creditor) under section 7 of the Insolvency and Bankruptcy Code, 2016 ('the Code') directed initiation of the Corporate Insolvency Resolution Process ('CIRP') against the Corporate Debtor and appointed the Applicant herein as the Interim Resolution Professional (IRP), a copy of the order dated 29/10/2019 is annexed with the application and mark....
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....artments Pvt. Ltd. and M/s. Veekay Apartments Pvt. Ltd. had duly made the required changes and submitted their revised plan. However, M/s. Bohoboss Entertainment Pvt. Ltd. did not submit any revised resolution plan. A copy of the minutes of the said 22nd CoC meeting is annexed to the application and marked as "E". 11. At the 23rd CoC meeting held on 09/04/2021, the resolution plan submitted by M/s. Veekay Apartments Pvt. Ltd. was rejected for not attaining of 66.67% voting share and resolution was passed by CoC with 100% voting share for liquidation of the Corporate Debtor. A copy of the minutes of the said 23rd CoC meeting held on 09/04/2021 along with its voting result is annexed to the application and marked as "F". 12. Vide order date....
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....idation of the Corporate Debtor. 18. This Bench, therefore, hereby orders as follows:- a. IA No. 543/KB/202 filed by Mr. Shyamal Kumar Bhattacharjee, RP of Purple Advertising Services Private Limited, the Corporate Debtor, is allowed and the Corporate Debtor is ordered to be liquidated in terms of section 33(2) of the Code read with sub-section (1) thereof. b. Since Mr. Shyamal Kumar Bhattacharjee, RP [Reg. No. IBBI/IPA-003/IP-N00092/2017-18/10892] has given his consent to act as Liquidator of the Corporate Debtor, he is hereby appointed as the Liquidator as provided under section 34(4)(c) of the Code, subject, however, to his possessing a valid Authorisation for Assignment (AFA) issued by the Insolvency Professional Agency (IPA) of wh....