The case involves an application filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, by Ashish Vyas, the Resolution Professional (RP) of Mudhai Dairy Private Limited (Corporate Debtor), seeking a liquidation order and the appointment of a liquidator. This application was based on a resolution passed by the Committee of Creditors (CoC) during its 7th meeting held on October 3, 2023. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor after the Tribunal admitted CP(IB)1005(MB)/2022 on November 9, 2022. During the CIRP, seven CoC meetings were held. The RP issued a public announcement inviting claims and constituted the CoC, which comprised ASREC (India) Limited as the sole financial creditor. Despite attempts

The case involves an application filed under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, by Ashish Vyas, the Resolution Professional (RP) of Mudhai Dairy Private Limited (Corporate Debtor), seeking a liquidation order and the appointment of a liquidator. This application was based on a resolution passed by the Committee of Creditors (CoC) during its 7th meeting held on October 3, 2023. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor after the Tribunal admitted CP(IB)1005(MB)/2022 on November 9, 2022. During the CIRP, seven CoC meetings were held. The RP issued a public announcement inviting claims and constituted the CoC, which comprised ASREC (India) Limited as the sole financial creditor. Despite attempts