The present application was filed by Ms. Vineeta Maheshwari, the Resolution Professional of M/s. Yogiraj Ginning & Oil Industries Private Limited, seeking the liquidation of the Corporate Debtor. The application was made under Section 33 read with Section 34 of the Insolvency and Bankruptcy Code, 2016, due to the failure to receive a resolution plan.

The Adjudicating Authority had previously admitted an application filed by the State Bank of India under Section 7 of the Code on April 18, 2022, initiating the Corporate Insolvency Resolution Process (CIRP) against Yogiraj Ginning & Oil Industries Private Limited. Ms. Vineeta Maheshwari was appointed as the Interim Resolution Professional (IRP).

The present application was filed by Ms. Vineeta Maheshwari, the Resolution Professional of M/s. Yogiraj Ginning & Oil Industries Private Limited, seeking the liquidation of the Corporate Debtor. The application was made under Section 33 read with Section 34 of the Insolvency and Bankruptcy Code, 2016, due to the failure to receive a resolution plan.

The Adjudicating Authority had previously admitted an application filed by the State Bank of India under Section 7 of the Code on April 18, 2022, initiating the Corporate Insolvency Resolution Process (CIRP) against Yogiraj Ginning & Oil Industries Private Limited. Ms. Vineeta Maheshwari was appointed as the Interim Resolution Professional (IRP).