Sunil Kumar, the operational creditor/applicant, initiated insolvency proceedings against NESA INDIA PRODUCER COMPANY LIMITED, the corporate debtor/respondent. The Interim Resolution Professional (IRP) initially appointed declined to act as liquidator. No Committee of Creditors (CoC) was constituted. The NCLT considered these facts while passing the order of liquidation on January 25, 2022. The matter was listed on January 31, 2022, to appoint a liquidator. The IRP's refusal to act as liquidator necessitated the appointment of a new liquidator by the NCLT.

Sunil Kumar, the operational creditor/applicant, initiated insolvency proceedings against NESA INDIA PRODUCER COMPANY LIMITED, the corporate debtor/respondent. The Interim Resolution Professional (IRP) initially appointed declined to act as liquidator. No Committee of Creditors (CoC) was constituted. The NCLT considered these facts while passing the order of liquidation on January 25, 2022. The matter was listed on January 31, 2022, to appoint a liquidator. The IRP's refusal to act as liquidator necessitated the appointment of a new liquidator by the NCLT.