The Corporate Debtor, Green World International Pvt. Ltd., was undergoing CIRP. The CoC decided to liquidate the Corporate Debtor before the expiry of the CIRP period. The plant of the Corporate Debtor had not been in operation for the last two years. The recovery of metal from the plant was not optimum. The Union Bank of India is the only Financial Creditor. The maximum period prescribed for CIRP, i.e., 180 days, had expired. The CoC approved the appointment of Mr. Sunil Kumar Gupta as the Liquidator with a monthly fee of INR 60,000 and a maximum cap of INR 10.00 Lakhs.

The Corporate Debtor, Green World International Pvt. Ltd., was undergoing CIRP. The CoC decided to liquidate the Corporate Debtor before the expiry of the CIRP period. The plant of the Corporate Debtor had not been in operation for the last two years. The recovery of metal from the plant was not optimum. The Union Bank of India is the only Financial Creditor. The maximum period prescribed for CIRP, i.e., 180 days, had expired. The CoC approved the appointment of Mr. Sunil Kumar Gupta as the Liquidator with a monthly fee of INR 60,000 and a maximum cap of INR 10.00 Lakhs.