The present application, IA (IBC)/92/GB/2023, was filed by Mr. Sandeep Khaitan, the Resolution Professional (RP) of P.L. Vehicles Private Limited, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (IBC). The application sought an order for the liquidation of the Corporate Debtor and the appointment of Mr. Sandeep Khaitan as the Liquidator. The Corporate Debtor had initially filed an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) under Section 10 of the IBC, which was admitted on April 13, 2023, leading to a moratorium declaration under Section 14 of the Code.

The present application, IA (IBC)/92/GB/2023, was filed by Mr. Sandeep Khaitan, the Resolution Professional (RP) of P.L. Vehicles Private Limited, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (IBC). The application sought an order for the liquidation of the Corporate Debtor and the appointment of Mr. Sandeep Khaitan as the Liquidator. The Corporate Debtor had initially filed an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) under Section 10 of the IBC, which was admitted on April 13, 2023, leading to a moratorium declaration under Section 14 of the Code.