The Interim Resolution Professional (IRP) filed a petition under Section 33(2) of the Insolvency & Bankruptcy Code, 2016 (Code), seeking the liquidation of the Corporate Debtor, Stockflow Express Pvt. Ltd. The Corporate Debtor had been put under Corporate Insolvency Resolution Process (CIRP) by an order dated November 26, 2019, issued by NCLT Bench V, Delhi. The IRP made a public announcement on November 29, 2019, inviting claims from creditors, subsequently verifying them and constituting the Committee of Creditors (CoC). The CoC was constituted under Section 16(1) of the IBBI (CIRP) Regulations 2016 and comprised four operational creditors. In its first meeting on December 26, 2019, the CoC did not confirm the IRP as the Resolution Professional (RP). The IRP

The Interim Resolution Professional (IRP) filed a petition under Section 33(2) of the Insolvency & Bankruptcy Code, 2016 (Code), seeking the liquidation of the Corporate Debtor, Stockflow Express Pvt. Ltd. The Corporate Debtor had been put under Corporate Insolvency Resolution Process (CIRP) by an order dated November 26, 2019, issued by NCLT Bench V, Delhi. The IRP made a public announcement on November 29, 2019, inviting claims from creditors, subsequently verifying them and constituting the Committee of Creditors (CoC). The CoC was constituted under Section 16(1) of the IBBI (CIRP) Regulations 2016 and comprised four operational creditors. In its first meeting on December 26, 2019, the CoC did not confirm the IRP as the Resolution Professional (RP). The IRP