The Resolution Professional (RP) filed an application under section 60(5) of the Insolvency & Bankruptcy Code, 2016, with the approval of the Committee of Creditors (CoC), seeking the liquidation of RDG Interior Decoration Exterior Architecture Private Limited, the Corporate Debtor. The RP cited the CoC's lackadaisical attitude during the Corporate Insolvency Resolution Process (CIRP) as the primary reason for seeking liquidation. Six CoC meetings were held, with the last one on March 25, 2022. From the initial meeting, CoC members showed reluctance to continue the CIRP due to the insignificant net worth of the Corporate Debtor and avoided accepting their responsibilities. Key issues, such as the submission of confidentiality undertakings for the Information

The Resolution Professional (RP) filed an application under section 60(5) of the Insolvency & Bankruptcy Code, 2016, with the approval of the Committee of Creditors (CoC), seeking the liquidation of RDG Interior Decoration Exterior Architecture Private Limited, the Corporate Debtor. The RP cited the CoC's lackadaisical attitude during the Corporate Insolvency Resolution Process (CIRP) as the primary reason for seeking liquidation. Six CoC meetings were held, with the last one on March 25, 2022. From the initial meeting, CoC members showed reluctance to continue the CIRP due to the insignificant net worth of the Corporate Debtor and avoided accepting their responsibilities. Key issues, such as the submission of confidentiality undertakings for the Information