Shree Barkha Synthetics Ltd. filed an application under Section 7 of the IBC, 2016 against Global Syntex (Bhilawara) Ltd. The 3rd meeting of the Committee of Creditors (CoC) minutes were submitted by the Resolution Professional (RP), where Item No. 4 concerned the approval of the liquidation process for the Corporate Debtor, Global Syntex (Bhilawara) Ltd. The court considered the resolutions passed and the contents of Item No. 4. The respondent, Global Syntex (Bhilawara) Ltd., was noted as 'None-appeared'. The court then confirmed the liquidation process and the appointment of the RP as Liquidator. The Liquidator was directed to provide updates on the proceedings after four weeks, and the matter was adjourned to 12.03.2020.

Shree Barkha Synthetics Ltd. filed an application under Section 7 of the IBC, 2016 against Global Syntex (Bhilawara) Ltd. The 3rd meeting of the Committee of Creditors (CoC) minutes were submitted by the Resolution Professional (RP), where Item No. 4 concerned the approval of the liquidation process for the Corporate Debtor, Global Syntex (Bhilawara) Ltd. The court considered the resolutions passed and the contents of Item No. 4. The respondent, Global Syntex (Bhilawara) Ltd., was noted as 'None-appeared'. The court then confirmed the liquidation process and the appointment of the RP as Liquidator. The Liquidator was directed to provide updates on the proceedings after four weeks, and the matter was adjourned to 12.03.2020.