The Resolution Professional of M/s. Sneha Engineering Equipment Pvt Ltd filed an application under Section 33 (2) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the Corporate Debtor. This application was necessitated by the failure to receive a resolution plan during the Corporate Insolvency Resolution Process (CIRP). The insolvency petition against the Corporate Debtor was initially filed by the Operational Creditor, M/s. MJR Equipments Pvt Ltd, under Section 9 of the Code. The Tribunal admitted this petition on February 22, 2021, and appointed Shri. Satyanarayana Veera Venkata Chebrolu as the Interim Resolution Professional. The Resolution Professional undertook necessary steps, including issuing notices, but found that the Corporate Debtor's

The Resolution Professional of M/s. Sneha Engineering Equipment Pvt Ltd filed an application under Section 33 (2) of the Insolvency and Bankruptcy Code, 2016, seeking the liquidation of the Corporate Debtor. This application was necessitated by the failure to receive a resolution plan during the Corporate Insolvency Resolution Process (CIRP). The insolvency petition against the Corporate Debtor was initially filed by the Operational Creditor, M/s. MJR Equipments Pvt Ltd, under Section 9 of the Code. The Tribunal admitted this petition on February 22, 2021, and appointed Shri. Satyanarayana Veera Venkata Chebrolu as the Interim Resolution Professional. The Resolution Professional undertook necessary steps, including issuing notices, but found that the Corporate Debtor's