ORDER

1) This Application is filed by the Resolution Professional of M/s Indore Dewas Tollways Limited (Corporate Debtor) under Section 33 read with section 34 of the Insolvency and Bankruptcy Code, 2016 (IBC Code) & 60 (5) seeking to liquidate the Corporate Debtor, M/s Indore Dewas Tollways Limited, under Section 33 of the Insolvency and Bankruptcy Code, 2016 ;

2) It is submitted that vide Order dated 31.10.2023 in CP No. CP(IB) No.398/7/HDB/2022 this Tribunal appointed the Applicant Mr. Madhu Sudhanarao Mallipaddi, as Interim Resolution Professional.

3) On 27.09.2024 the CoC conducted its 14^th meeting and take a decision to go for Liquidation of the Corporate Debtor as no prospective Resolution Plan received for resolution of the Corporation Debtor and only remedy available is Liquidation and appointment of Liquidator.

4) It is submitted that on 03.11.2023 the Applicant/Resolution Professional has taken measures and issued a Public Announcement in Form A and certain claims were received and constituted Committee of Creditors (CoC) consisting of Union Bank of India with 31.77%, Punjab National Bank with 34.57%, State Bank of India with 11.76% and India Infrastructure Finance Company L