This Interlocutory Application (IA) was filed by Mr. George Varkey, the Resolution Professional (RP) of M/s. Propyl Packaging Limited, under Section 33(1) of the Insolvency and Bankruptcy Code, 2016 (IBC). The RP sought an order for the liquidation of the Corporate Debtor and his appointment as the Liquidator under Section 34 of the IBC. The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Propyl Packaging Limited based on an application filed by M/s. Prayag Polytech Private Limited under Section 9 of the IBC, which was admitted by the Tribunal on February 17, 2020. Mr. George Varkey was initially appointed as the Interim Resolution Professional and subsequently confirmed as the RP by the Committee of Creditors (CoC) on August 3, 2020.

This Interlocutory Application (IA) was filed by Mr. George Varkey, the Resolution Professional (RP) of M/s. Propyl Packaging Limited, under Section 33(1) of the Insolvency and Bankruptcy Code, 2016 (IBC). The RP sought an order for the liquidation of the Corporate Debtor and his appointment as the Liquidator under Section 34 of the IBC. The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s. Propyl Packaging Limited based on an application filed by M/s. Prayag Polytech Private Limited under Section 9 of the IBC, which was admitted by the Tribunal on February 17, 2020. Mr. George Varkey was initially appointed as the Interim Resolution Professional and subsequently confirmed as the RP by the Committee of Creditors (CoC) on August 3, 2020.