The Resolution Professional, Mr. Dharit Kishorbhai Shah, filed an application for the liquidation of the Corporate Debtor, M/s Maktel Control & Systems Pvt. Ltd., under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into CIRP on 02.02.2021. The IRP made a public announcement for submission of claims. The COC was constituted and confirmed the IRP as the Resolution Professional. The COC decided to publish an EOI, but no resolution plan was received despite multiple attempts. The COC decided to liquidate the Corporate Debtor in its 6th meeting. The CIRP period expired on 31.07.2021. The COC discussed liquidation in its 5th meeting but was stalled due to the absence of instructions from the State Bank of India, the sole COC

The Resolution Professional, Mr. Dharit Kishorbhai Shah, filed an application for the liquidation of the Corporate Debtor, M/s Maktel Control & Systems Pvt. Ltd., under Section 33 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was admitted into CIRP on 02.02.2021. The IRP made a public announcement for submission of claims. The COC was constituted and confirmed the IRP as the Resolution Professional. The COC decided to publish an EOI, but no resolution plan was received despite multiple attempts. The COC decided to liquidate the Corporate Debtor in its 6th meeting. The CIRP period expired on 31.07.2021. The COC discussed liquidation in its 5th meeting but was stalled due to the absence of instructions from the State Bank of India, the sole COC