M/s Jammu and Kashmir Bank Ltd. filed a petition under Section 7 of the IBC against M/s Vinod Cotton Corp. Pvt. Ltd. The Resolution Professional (RP) filed an application seeking an order for liquidation of the corporate debtor, which was approved by the Committee of Creditors (CoC). The CoC confirmed the RP's appointment as Liquidator. The RP informed the Tribunal that the CoC wanted him to act as Liquidator. The Tribunal then appointed the existing RP as Liquidator and directed him to take steps for publication and comply with all other requirements prescribed under law. The Liquidator is also directed to approach CoC and the CoC is directed to fix his fee as per law. The fee fixation details may be raised before the Tribunal by Liquidator within 10 days.

M/s Jammu and Kashmir Bank Ltd. filed a petition under Section 7 of the IBC against M/s Vinod Cotton Corp. Pvt. Ltd. The Resolution Professional (RP) filed an application seeking an order for liquidation of the corporate debtor, which was approved by the Committee of Creditors (CoC). The CoC confirmed the RP's appointment as Liquidator. The RP informed the Tribunal that the CoC wanted him to act as Liquidator. The Tribunal then appointed the existing RP as Liquidator and directed him to take steps for publication and comply with all other requirements prescribed under law. The Liquidator is also directed to approach CoC and the CoC is directed to fix his fee as per law. The fee fixation details may be raised before the Tribunal by Liquidator within 10 days.