2020 (3) TMI 1433

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tor based on the resolution passed by the CoC with 84.22 % voting share in its meeting held on 03.05.2019. 2. On perusal of the application, it appears that CP was admitted on 07.08.2017, by appointing Mr. Anil Kohli as IRP in furtherance it, the IRP issued public announcement on 10.08.2017 inviting claims of the creditors, in pursuance thereof, after receipt claims, they were collated, and the aggregated value of the claim has come to 704.47 crores. Thereafter, upon constitution of the CoC on 28.08.2017, the IRP was confirmed as RP. Then the RP appointed two valuers for valuing the liquidation of the company, on receipt of the two valuation reports from them, taking the average of the value given by two valuers, the liquidation value of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r has this bench decided the liquidation application pending before this Bench despite soon after two and half years passed by now. This objector has come before this Bench asking for another round of invitation of EOI is not acceptable because the CIRP period has already been over on 03.06.2019, therefore, we are of the view that this company petition is fit for passing the liquidation order because it is the CoC that has taken a decision that the liquidation is the only course left to it to proceed, whereby, we hereby ordered for liquidation of the company with the directions as follows:- a) This Bench hereby orders the Corporate Debtor to be liquidated in the manner as laid down in the chapter by issuing a public notice stating ....