HDFC filed CA-833/2019 as a secured creditor of the Corporate Debtor, seeking permission to sell two vehicles (DL12CL8014 & DL12CL8837) that were hypothecated in their favor. The purpose of the sale was to reduce the outstanding liability. Documents substantiating the hypothecation were filed, and a valuation report was procured. The RP filed CA-562/2019, stating that the Corporate Debtor had no assets to liquidate and seeking dissolution without liquidation. The CoC authorized the RP to seek dissolution in its 4th meeting dated March 25, 2019. The RP's application was supported by an affidavit. The RP stated that there were no assets to liquidate.

HDFC filed CA-833/2019 as a secured creditor of the Corporate Debtor, seeking permission to sell two vehicles (DL12CL8014 & DL12CL8837) that were hypothecated in their favor. The purpose of the sale was to reduce the outstanding liability. Documents substantiating the hypothecation were filed, and a valuation report was procured. The RP filed CA-562/2019, stating that the Corporate Debtor had no assets to liquidate and seeking dissolution without liquidation. The CoC authorized the RP to seek dissolution in its 4th meeting dated March 25, 2019. The RP's application was supported by an affidavit. The RP stated that there were no assets to liquidate.