The case involves an application (IA No.188/2022) filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) to initiate the liquidation process for Greater Arafat Tanners Private Limited after the completion of the mandatory 180-day period for the Corporate Insolvency Resolution Process (CIRP). Notice was issued to the ex-management, who did not file a reply. The Resolution Professional (RP) made efforts to invite Expression of Interest (EOI) by publishing Form G, but no response was received. The Committee of Creditors (COC) considered the matter in its third meeting and resolved to liquidate the corporate debtor due to the absence of any possibility of revival, as the company had no plant and machinery and had vacated the leased premises due to pollution

The case involves an application (IA No.188/2022) filed under Section 33(2) of the Insolvency and Bankruptcy Code (IBC) to initiate the liquidation process for Greater Arafat Tanners Private Limited after the completion of the mandatory 180-day period for the Corporate Insolvency Resolution Process (CIRP). Notice was issued to the ex-management, who did not file a reply. The Resolution Professional (RP) made efforts to invite Expression of Interest (EOI) by publishing Form G, but no response was received. The Committee of Creditors (COC) considered the matter in its third meeting and resolved to liquidate the corporate debtor due to the absence of any possibility of revival, as the company had no plant and machinery and had vacated the leased premises due to pollution