ORDER

[Per: Hon’ble Shri Prasanta Kumar Mohanty, Member (T)]

1. This IA has been filed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 on behalf of the Resolution Professional, seeking the following reliefs:

a. Pass an order for liquidation of the Corporate Debtor in terms of Section 33 of the Code.

b. Appoint the Applicant/ Mr. Amit Pareek, Resolution Professional of the Corporate Debtor as the Liquidator of the Corporate Debtor,

c. Approve the Liquidator fee to be paid in accordance with Regulation 4(2)(b) of the IBBI (Liquidation Process) Regulations, 2016 as approved by the by the Committee of Creditors in its sixth (6) COC meeting dated 02.02.2023

2. The Applicant submits that:

2.1 This Tribunal vide Order dated 30.09.2022 allowed the Application of the aforesaid Operational Creditor filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 for initiation of Corporate Insolvency Resolution Process against CD- Matiz Metals Pvt. Ltd. and accordingly, appointed Mr. Amit Pareek as the Interim Resolution Professional-IRP.

2.2 As mandated under Section 15 of the Code and in terms of Regulation 6(1) of the CIRP Regulations, the Public Announcement of initiation of CIR