This application was filed by the Resolution Professional, Mr. Alok Kumar Kuchhal, under Section 33(2) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The purpose of the application was to seek directions for the initiation of the liquidation process for the Corporate Debtor, M/s. VRJ Traders Pvt. Ltd., and to obtain other necessary orders. The Corporate Debtor had initially filed an application under Section 10 of the IBC, 2016, for the initiation of its own Corporate Insolvency Resolution Process (CIRP), which was admitted by the Tribunal on December 22, 2021. Mr. Alok Kumar Kuchhal was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP) on May 24, 2022.

This application was filed by the Resolution Professional, Mr. Alok Kumar Kuchhal, under Section 33(2) read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The purpose of the application was to seek directions for the initiation of the liquidation process for the Corporate Debtor, M/s. VRJ Traders Pvt. Ltd., and to obtain other necessary orders. The Corporate Debtor had initially filed an application under Section 10 of the IBC, 2016, for the initiation of its own Corporate Insolvency Resolution Process (CIRP), which was admitted by the Tribunal on December 22, 2021. Mr. Alok Kumar Kuchhal was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP) on May 24, 2022.