The Resolution Professional (RP), Sunil Kumar Agarwal, filed an application for the liquidation of Baid Narrow Fab Private Limited under Section 33(2) and Section 34 of the Insolvency and Bankruptcy Code, 2016. No resolution plan was received after the publication of the Expression of Interest. The Committee of Creditors (CoC), consisting of State Bank of India as the sole financial creditor, passed a resolution on November 12, 2020, in its 7th meeting, to liquidate the corporate debtor and appoint the RP as the liquidator. The CoC's decision was based on its commercial wisdom, with 100% voting in favor of liquidation. The application was filed in IA 854 of 2020 in CP(IB) 178/NCLT/AHM/2019. The suspended management was present during the hearing.

The Resolution Professional (RP), Sunil Kumar Agarwal, filed an application for the liquidation of Baid Narrow Fab Private Limited under Section 33(2) and Section 34 of the Insolvency and Bankruptcy Code, 2016. No resolution plan was received after the publication of the Expression of Interest. The Committee of Creditors (CoC), consisting of State Bank of India as the sole financial creditor, passed a resolution on November 12, 2020, in its 7th meeting, to liquidate the corporate debtor and appoint the RP as the liquidator. The CoC's decision was based on its commercial wisdom, with 100% voting in favor of liquidation. The application was filed in IA 854 of 2020 in CP(IB) 178/NCLT/AHM/2019. The suspended management was present during the hearing.