The case originated from a Corporate Insolvency Resolution Process (CIRP) initiated by Bank of Baroda, the Operational Creditor, against Aryavrat Trading Private Limited, the Corporate Debtor. The CIRP was admitted on April 1, 2022, under Section 7 of the Insolvency and Bankruptcy Code, 2016. Initially, Mr. Pranab Kumar Chakrabarty was appointed as the Interim Resolution Professional (IRP), and subsequently, Ms. Rachna Jhunjhunwala was appointed as the Resolution Professional on July 11, 2022. The CIRP failed as no resolution plans were approved by the Committee of Creditors, leading to the liquidation of the Corporate Debtor. An application for liquidation was filed by the Resolution Professional, and on September 21, 2022, the Tribunal directed the liquidation of the

The case originated from a Corporate Insolvency Resolution Process (CIRP) initiated by Bank of Baroda, the Operational Creditor, against Aryavrat Trading Private Limited, the Corporate Debtor. The CIRP was admitted on April 1, 2022, under Section 7 of the Insolvency and Bankruptcy Code, 2016. Initially, Mr. Pranab Kumar Chakrabarty was appointed as the Interim Resolution Professional (IRP), and subsequently, Ms. Rachna Jhunjhunwala was appointed as the Resolution Professional on July 11, 2022. The CIRP failed as no resolution plans were approved by the Committee of Creditors, leading to the liquidation of the Corporate Debtor. An application for liquidation was filed by the Resolution Professional, and on September 21, 2022, the Tribunal directed the liquidation of the