The Interlocutory Application was filed by Mr. Subrata Monindranath Maity, the erstwhile Resolution Professional (RP) of Corporate Debtor M/s Eskay K 'N' IT (India) Ltd. under Section 33(1), 33(2) and 34(1) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of National Company Law Rules, 2016 for liquidation of the Corporate Debtor and for seeking direction to the Committee of Creditors (CoC) for disbursing unpaid Corporate Insolvency Resolution Professional (CIRP) Cost.
The CIRP of the Corporate Debtor commenced pursuant to admission of CP(IB) No. 420/7/NCLT/AHM/2018 petition filed by Bank of India, vide order dated 17.02.2020.
Mr. Vikas Prakash Gupta was appointed as the Interim Resolution Professional ('IRP').
The CoC was duly constituted on 16.03.2020.
The CoC resolved to replace the IRP with Mr. Subrata Monindranath Maity, the erstwhile Resolution Professional.
The replacement was approved by this Tribunal vide order dated 20.08.2020.
The CoC unanimously formed the view that the likelihood of receiving any resolution plan was negligible and resolved to initiate liquidation of the Corporate Debtor.
Bank of India suggested the name of Mr. Ajit Kumar as liquidator.
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The Interlocutory Application was filed by Mr. Subrata Monindranath Maity, the erstwhile Resolution Professional (RP) of Corporate Debtor M/s Eskay K 'N' IT (India) Ltd. under Section 33(1), 33(2) and 34(1) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of National Company Law Rules, 2016 for liquidation of the Corporate Debtor and for seeking direction to the Committee of Creditors (CoC) for disbursing unpaid Corporate Insolvency Resolution Professional (CIRP) Cost.
The CIRP of the Corporate Debtor commenced pursuant to admission of CP(IB) No. 420/7/NCLT/AHM/2018 petition filed by Bank of India, vide order dated 17.02.2020.
Mr. Vikas Prakash Gupta was appointed as the Interim Resolution Professional ('IRP').
The CoC was duly constituted on 16.03.2020.
The CoC resolved to replace the IRP with Mr. Subrata Monindranath Maity, the erstwhile Resolution Professional.
The replacement was approved by this Tribunal vide order dated 20.08.2020.
The CoC unanimously formed the view that the likelihood of receiving any resolution plan was negligible and resolved to initiate liquidation of the Corporate Debtor.
Bank of India suggested the name of Mr. Ajit Kumar as liquidator.
…Case number assigned to…
Petition filed…