Liquidation of Corporate Debtor initiated as approved by members of CoC having 66.29% voting share

Ultratech Cement Limited Vs Jaatvedas Construction Company Private Limited (NCLT Mumbai) NCLT Mumbai held that initiation of liquidation of Corporate Debtor in terms of section 33(2) of the Insolvency and Bankruptcy Code admitted as members of CoC having 66.29% voting share approved resolution to initiate liquidation. Facts- This Interlocutory Application was filed on 12.06.2025 by Mr. Kailash T. Shah, the Resolution Professional (RP) of Jaatvedas Construction Company Private Limited, (Corporate Debtor) u/s. 33 r.w.s. 60(5) of the Insolvency and Bankruptcy Code, 2016, and Rule 11 of the Nation...