The case involves an application (I.A.No.219/2020) filed in C.P.(IB)No.92/BB/2018 under Section 34(1) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016. The applicant, Mr. Shankar B. Iyer, a Resolution Professional, sought appointment as a Liquidator for the Corporate Debtor, M/s. Gruha Kalyan Projects Pvt. Ltd. Initially, Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a default of Rs.43,65,000/-. The Adjudicating Authority admitted the case on 27.06.2020, initiating CIRP and appointing an Interim Resolution Professional (IRP). Subsequently, on 20.03.2020, the Adjudicating Authority directed liquidation of the Corporate Debtor under Section 33 of the IBC and directed the

The case involves an application (I.A.No.219/2020) filed in C.P.(IB)No.92/BB/2018 under Section 34(1) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules, 2016. The applicant, Mr. Shankar B. Iyer, a Resolution Professional, sought appointment as a Liquidator for the Corporate Debtor, M/s. Gruha Kalyan Projects Pvt. Ltd. Initially, Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor based on a default of Rs.43,65,000/-. The Adjudicating Authority admitted the case on 27.06.2020, initiating CIRP and appointing an Interim Resolution Professional (IRP). Subsequently, on 20.03.2020, the Adjudicating Authority directed liquidation of the Corporate Debtor under Section 33 of the IBC and directed the