The present application was filed by Mr. Keyur J Shah, the Resolution Professional (RP) of M/s. Shree Ramrajya Cotex Private Limited, the Corporate Debtor. The application sought an order for the liquidation of the Corporate Debtor and the appointment of the RP as the liquidator, under Section 33(1)(b) read with Section 34(1) of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016). The Corporate Debtor had previously been admitted into Corporate Insolvency Resolution Process (CIRP) on February 3, 2023, following an application by M/s. Raj Radhe Finance Limited, a financial creditor, under Section 7 of the IBC. Mr. Keyur J Shah was appointed as the Interim Resolution Professional (IRP) at that time.

The present application was filed by Mr. Keyur J Shah, the Resolution Professional (RP) of M/s. Shree Ramrajya Cotex Private Limited, the Corporate Debtor. The application sought an order for the liquidation of the Corporate Debtor and the appointment of the RP as the liquidator, under Section 33(1)(b) read with Section 34(1) of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016). The Corporate Debtor had previously been admitted into Corporate Insolvency Resolution Process (CIRP) on February 3, 2023, following an application by M/s. Raj Radhe Finance Limited, a financial creditor, under Section 7 of the IBC. Mr. Keyur J Shah was appointed as the Interim Resolution Professional (IRP) at that time.