The case involves an application (IA-361/2023) preferred under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking liquidation of the Corporate Debtor. The Committee of Creditors (CoC) had resolved to liquidate the Corporate Debtor in its 9th meeting on 2022-11-22. Several other IAs are also mentioned, including IA-2071/2023 (for expediting the hearing of IA-361/2023), IA-1787/2022, IA-4330/2022, IA-2951/2022, IA-2985/2022, and IA-5647/2022. IA-4330/2022 was withdrawn by the applicant, and IA-5647/2022 was disposed of as infructuous.
M/s. T & D Hospitality India LLP filed an application for the liquidation of the Corporate Debtor, M/s. Explo Media Private Limited, under Section 9 of the IBC, 2016. The CoC resolved to liquidate the Corporate Debtor in its 9th meeting held on 2022-11-22. Rakesh Takyar was appointed as the Liquidator. The Adjudicating Authority considered the CoC's decision and the provisions of Section 33 of the IBC, 2016. The court also addressed several interlocutory applications (IAs), including one for expediting the hearing of the main application (IA-2071/2023), one seeking directions to the suspended Board of Directors (IA-1787/2022), and one where the applicant sought to withdraw the application (IA-4330/2022).
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The Committee of Creditors (CoC) passed a…
The order for…
The case involves an application (IA-361/2023) preferred under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016, seeking liquidation of the Corporate Debtor. The Committee of Creditors (CoC) had resolved to liquidate the Corporate Debtor in its 9th meeting on 2022-11-22. Several other IAs are also mentioned, including IA-2071/2023 (for expediting the hearing of IA-361/2023), IA-1787/2022, IA-4330/2022, IA-2951/2022, IA-2985/2022, and IA-5647/2022. IA-4330/2022 was withdrawn by the applicant, and IA-5647/2022 was disposed of as infructuous.
M/s. T & D Hospitality India LLP filed an application for the liquidation of the Corporate Debtor, M/s. Explo Media Private Limited, under Section 9 of the IBC, 2016. The CoC resolved to liquidate the Corporate Debtor in its 9th meeting held on 2022-11-22. Rakesh Takyar was appointed as the Liquidator. The Adjudicating Authority considered the CoC's decision and the provisions of Section 33 of the IBC, 2016. The court also addressed several interlocutory applications (IAs), including one for expediting the hearing of the main application (IA-2071/2023), one seeking directions to the suspended Board of Directors (IA-1787/2022), and one where the applicant sought to withdraw the application (IA-4330/2022).
The Committee of Creditors (CoC) passed a…
The order for…