Application u/s. 33(2) of IBC for liquidation approved as no resolution plan received

SNK Rolling Bearing Vs Hoshiar Nirvair Tractors Private Limited (NCLT Chandigarh) NCLT Chandigarh held that application u/s. 33(2) of the Insolvency and Bankruptcy Code for the initiation of the liquidation process of the Corporate Debtor [Hoshiar Nirvair Tractors Private Limited] stands approved as no resolution plan was received even after publication of Form G twice. Facts- The present Application has been filed by Mr Parminder Singh Bhullar, Resolution Professional for Hoshiar Nirvair Tractors Private Limited, Corporate Debtor, under sub-section (2) of section 33 of the Insolvency and Bank...