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 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 to liquidate the Corporate Debtor Company and appoint a liquidator. The RP stated that the Corporate Debtor Company has no assets, as they were sold by the earlier consortium holder. The actions of the consortium holder are being challenged by the RP in the High Court. The RP's fees of Rs. 13,34,924/- are outstanding and payable by the Committee of Creditors (CoC) despite a previous order dated 29.07.2021 directing the CoC to pay. The CoC has not complied with the order to pay the RP's fees.
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The CoC was directed to…
Hearing on RP's…
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 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 to liquidate the Corporate Debtor Company and appoint a liquidator. The RP stated that the Corporate Debtor Company has no assets, as they were sold by the earlier consortium holder. The actions of the consortium holder are being challenged by the RP in the High Court. The RP's fees of Rs. 13,34,924/- are outstanding and payable by the Committee of Creditors (CoC) despite a previous order dated 29.07.2021 directing the CoC to pay. The CoC has not complied with the order to pay the RP's fees.
The CoC was directed to…
Hearing on RP's…