The Corporate Debtor, K K Welding Ltd., underwent Corporate Insolvency Resolution Process (CIRP) initiated on 2019-09-28. During the CIRP, no Expression of Interest (EoI) was received, indicating a lack of interest in the company's revival. Consequently, the Committee of Creditors (CoC) passed a resolution on 2020-09-03 to liquidate the Corporate Debtor. The Resolution Professional then filed an application for liquidation under Section 33 of the Insolvency and Bankruptcy Code (IBC). The CoC also passed resolutions for the payment of the Liquidator and appointed Mr. Jayantilal Jain as the Liquidator. The proposed Liquidator provided his consent in Form - 2. The court found the application to be in accordance with Section 33(2) of the Code.

The Corporate Debtor, K K Welding Ltd., underwent Corporate Insolvency Resolution Process (CIRP) initiated on 2019-09-28. During the CIRP, no Expression of Interest (EoI) was received, indicating a lack of interest in the company's revival. Consequently, the Committee of Creditors (CoC) passed a resolution on 2020-09-03 to liquidate the Corporate Debtor. The Resolution Professional then filed an application for liquidation under Section 33 of the Insolvency and Bankruptcy Code (IBC). The CoC also passed resolutions for the payment of the Liquidator and appointed Mr. Jayantilal Jain as the Liquidator. The proposed Liquidator provided his consent in Form - 2. The court found the application to be in accordance with Section 33(2) of the Code.