The application I.A. No. 927/2020 was filed by the Resolution Professional, Mr. Abhay Manudhane, seeking liquidation of Alfara'a Infraprojects Pvt. Ltd.

The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 by the Operational Creditor.

The Committee of Creditors (CoC) unanimously approved the liquidation of the Corporate Debtor in its meeting held on March 3, 2020, as the 330-day period was about to elapse and no resolution plan was received.

The CoC rejected the appointment of the present applicant as the Liquidator and requested the bench to appoint a Liquidator from the panel of the IBBI.

The application I.A. No. 927/2020 was filed by the Resolution Professional, Mr. Abhay Manudhane, seeking liquidation of Alfara'a Infraprojects Pvt. Ltd.

The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor following the admission of a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 by the Operational Creditor.

The Committee of Creditors (CoC) unanimously approved the liquidation of the Corporate Debtor in its meeting held on March 3, 2020, as the 330-day period was about to elapse and no resolution plan was received.

The CoC rejected the appointment of the present applicant as the Liquidator and requested the bench to appoint a Liquidator from the panel of the IBBI.