The case involves an application filed by the Resolution Professional (RP) seeking an order under Section 33(2) of the IBC Code, 2016, to put the Corporate Debtor Company into liquidation and appoint a liquidator. The RP contends that the Corporate Debtor Company has no assets, as they were already sold by the earlier consortium holder. The actions of the consortium holder are being challenged by the RP before the Hon'ble High Court, Aurangabad Bench, and are pending adjudication.
The Resolution Professional (RP) filed an application under Section 33(2) of the IBC Code, 2016, seeking liquidation of the Corporate Debtor Company. All assets of the Corporate Debtor Company have been sold by the earlier consortium holder, and these actions are under challenge by the RP before the High Court, Aurangabad Bench. The RP's fees of Rs. 13,34,924/- remain unpaid by the Committee of Creditors (CoC), despite a previous order dated 29.07.2021 directing the CoC members to share the fees proportionately. The CoC has failed to comply with this order. The RP seeks the appointment of a liquidator.
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The CoC was directed to…
Hearing of the matter where the RP's fees…
The case involves an application filed by the Resolution Professional (RP) seeking an order under Section 33(2) of the IBC Code, 2016, to put the Corporate Debtor Company into liquidation and appoint a liquidator. The RP contends that the Corporate Debtor Company has no assets, as they were already sold by the earlier consortium holder. The actions of the consortium holder are being challenged by the RP before the Hon'ble High Court, Aurangabad Bench, and are pending adjudication.
The Resolution Professional (RP) filed an application under Section 33(2) of the IBC Code, 2016, seeking liquidation of the Corporate Debtor Company. All assets of the Corporate Debtor Company have been sold by the earlier consortium holder, and these actions are under challenge by the RP before the High Court, Aurangabad Bench. The RP's fees of Rs. 13,34,924/- remain unpaid by the Committee of Creditors (CoC), despite a previous order dated 29.07.2021 directing the CoC members to share the fees proportionately. The CoC has failed to comply with this order. The RP seeks the appointment of a liquidator.
The CoC was directed to…
Hearing of the matter where the RP's fees…