S.No.2 IN THE NATIONAL COMPANY LAW TRIBUNAL HYDERABAD BENCH – 1 VC AND PHYSCIAL (HYBRID) MODE ATTENDANCE CUM ORDER SHEET OF THE HEARING HELD ON

28-11-2024 AT 10:30 AM CP(IB) No. 663/7/HDB/2018 AND IA (IBC) (Dissolution) 15/2024 in CP(IB) No. 663/7/HDB/2018 u/s. 7 of IBC, 2016 IN THE MATTER OF:

State Bank of India …Financial Creditor AND Mr. Umesh Purshottam Jethwani (M/s. Meena Jewellers Pvt Ltd) …Corporate Debtor C O R A M:-

DR. VENKATA RAMAKRISHNA BADARINATH NANDULA, HON’BLE MEMBER (JUDICIAL)

SH. CHARAN SINGH, HON’BLE MEMBER (TECHNICAL)

O R D E R

IA (IBC) (Dissolution) 15/2024 Orders pronounced. In the result, this company is dissolved. Since the company is dissolved the files may be consign to records.

Sd/- Sd/-

MEMBER (T) MEMBER (J)

Swapna NATIONAL COMPANY LAW TRIBUNAL HYDERABAD BENCH - I IN CP(IB) NO. 663/7/HDB/2018 APPLICATION UNDER SETION 54(1) READ WITH SECTION 60(5) OF IBC, 2016 & READ WITH REGULATION 45(3)(a) OF IBBI (LIQUIDATION PROCESS) REGULATIONS, 2016 AND RULE 11 OF THE NCLT RULES, 2016 IN THE MATTER OF STATE BANK OF INDIA versus M/S. MEENA JEWELLERS EXCLUSIVE PRIVATE LIMITED Between:

Mr. Sri Vamsi Kambhammettu, The Liquidator for M/s. Meena Jewellers Exclusive Private Limited Regd. No. IBBI/IPA-001/IP-P00664/2017-2018/11141 Having office at Rao and Rao, Chartered Accountats, A 85, #DX4, Level 2, Road No.11, Film Nagar, Jubilee Hills, Hyderabad – 500 033.

.... Applicant / Liquidator Date of order: 28.11.2024 Coram:

Dr. N. Venkata Ramakrishna Badarinath, Hon’ble Member (Judicial)

Shri Charan Singh, Hon’ble Member (Technical)

Appearance:

For Applicant: Mr. V V S N Raju, Ms.Meghana,Advocates For liquidator: Mr.Vamsi.K PER: BENCH

O R D E R

1. This Application is filed by the Liquidator of the Corporate Debtor M/s.

Meena Jewellers Exclusive Private Limited under Section 54(1) read Regulation 45(3)(b) of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 to take on record the completion of the liquidation process and pass an order for dissolution of the Corporate Debtor.

2. BRIEF AVERMENTS OF THE APPLICANT:

2.1 To put it concisely, this Tribunal on 26.11.2019 has admitted the Corporate Debtor Company into Corporate Insolvency Resolution Process and appointed Dr.K.V.Srinivas as the IRP and whose appointment was later confirmed as Resolution Professional to conduct the CIRP process of the Corporate Debtor Company in the second COC meeting held on 07.01.2020. Since corporate debtor could not be revived, COC in its 6^th meeting held on 05.08.2020 resolved for initiation of Liquidation against the Corporate Debtor. Accordingly, the Resolution Professional filed an Application before this Hon’ble Tribunal for initiation of liquidation against the Corporate Debtor and thus this Hon’ble Tribunal passed Liquidation order against the Corporate Debtor vide IA.No. 673/2020 in CP (IB) No. 663/7/HDB/2018 and thereafter the Applicant was appointed as the Liquidator. A copy of the order dated 26.04.2021 is attached as Annexure-1.

2.2 It is submitted that in compliance with the Liquidation Regulations, the Applicant/Liquidator also prepared and filed the Asset Memorandum under Regulation 34 and the Preliminary Report under Regulation 13 on 12.07.2021 before this Hon’ble Tribunal. It is stated that further the List of Stakeholders was modified based on the directions of this Hon’ble NCLT IA No. IA(IBC) 1282/2022 and the same was filed before this Hon'ble Tribunal on 06.01.2023. It is stated that further the List of Stakeholders was again modified based on the directions of this Hon’ble NCLT in IA No. 461/2023 and the same was filed before this Hon’ble Tribunal on 06.07.2023.

2.3 It is submitted that the Liquidator reconstituted the Stakeholders’

Consultation Committee of Meena Jewellers Exclusive Private Limited pursuant to Regulation 31A of the IBBI (Liquidation Process) Regulations, 2016 from time to time and the reconstituted Stakeholders Consultation Committee as on 06.07.2023 is as follows: