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NATIONAL COMPANY LAW TRIBUNAL
Sanjiv Jain, Member (Judicial), Venkataraman Subramaniam, Member (Technical)
ESHAKTI.COM PRIVATE LIMITED – Appellant
Versus
Tata capital limited – Respondent
| Table of Content |
|---|
| 1. initiation of liquidation proceedings. (Para 1 , 2 , 3 , 4) |
| 2. committee of creditors' recommendations and outcomes. (Para 5 , 6 , 7 , 8) |
| 3. cessation of previous moratorium and commencement of liquidation. (Para 9 , 15) |
| 4. liquidation process specifics and responsibilities of the liquidator. (Para 10 , 11 , 12) |
| 5. formal conclusion and directives issued by the tribunal. (Para 13 , 14 , 20) |
ORDER
(Heard Through Hybrid Mode)
1. This is an application filed under Section 33 (2) of the Insolvency and Bankruptcy Code, 2016 seeking reliefs as follows:
“1. Pass appropriate order that the Corporate Debtor i.e., Eshakti.com Private Limited be liquidated in the manner as laid down under the Code.
2. Appoint Mr. L. Bhadri, Insolvency Professional, with IBBI Reg. No: IBBI/1PA-001/1P-P-02059/2020-2021/13245, as the Liquidator of the Corporate Debtor.
3. Pass any other order that this Tribunal deems fit and thus render justice.”
2. It is stated that the Corporate Debtor had filed an application under Section 10 of Insolvency and Bankruptcy Code, 2016 (hereinafter, IBC, 2016) seeking initiation of CIRP. The application was allowed vide order of this Tribunal dated 09.12.2024 in CP(IB)
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