The case involves an MA filed under section 33(1) of the Insolvency & Bankruptcy Code, 2016 by the Resolution Professional (RP) of the Corporate Debtor, Maruthi Food Processing and Agri Products Export (India) Private Limited, seeking direction for liquidation of the company. The application was based on a resolution passed by the 4th Committee of Creditors (CoC) meeting held on 06.12.2019, recommending the liquidation of the Corporate Debtor. The RP also stated that in the same CoC meeting, the sole Financial Creditor of the CoC passed a resolution for waiving the appointment of a valuer, for obtaining valuation of the assets of the Corporate Debtor, for making an invitation for Expression of Interest and for passing an order of liquidation of the Corporate Debtor.

The case involves an MA filed under section 33(1) of the Insolvency & Bankruptcy Code, 2016 by the Resolution Professional (RP) of the Corporate Debtor, Maruthi Food Processing and Agri Products Export (India) Private Limited, seeking direction for liquidation of the company. The application was based on a resolution passed by the 4th Committee of Creditors (CoC) meeting held on 06.12.2019, recommending the liquidation of the Corporate Debtor. The RP also stated that in the same CoC meeting, the sole Financial Creditor of the CoC passed a resolution for waiving the appointment of a valuer, for obtaining valuation of the assets of the Corporate Debtor, for making an invitation for Expression of Interest and for passing an order of liquidation of the Corporate Debtor.