TaxTMI 
TaxTMI 
2022 (5) TMI 1309
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....ication filed by the Resolution Professional 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/....
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....crepancies in the revised resolution plan of M/s. Veekay Apartments 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 annex....
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.... CIRP has expired. Therefore, there is no alternative but to order the liquidation 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 ....
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....emed to be a notice of discharge to the officers, employees and workmen of the Corporate Debtor except to the extent of the business of the Corporate Debtor continued during the liquidation process by the Liquidator. i. In terms of section 33(1)(b)(iii), the Liquidator shall file a copy of this Order with the Registrar of Companies, West Bengal, Kolkata, within whose jurisdiction the Corporate Debtor is registered. Additionally, the Registry shall also forward a copy of this Order to the Registrar of Companies, West Bengal, Kolkata. 19. The application bearing IA No. 543/KB/2021 shall stand disposed of in accordance with the above directions. 20. CP (IB) No. 108/KB/2019 to come up for filing of periodical report on 11/08/2022....