Liquidation of Corporate Debtor ordered as CIRP period exhausted and no resolution plan received

Shomuk Consultancy Services Private Limited Vs Jitendra Lohia (NCLT Kolkata)

NCLT Kolkata held that the Corporate Debtor, Shomuk Consultancy Services Private Limited, is ordered to be liquidated in terms of Section 33(1) of the Insolvency and Bankruptcy Code since the statutory period for the CIRP has been exhausted, and no resolution plan has been received.

Facts- Pursuant to the order dated 11th June, 2024 of this Tribunal, Corporate Insolvency Resolution Process (CIRP) was initiated upon the Corporate Debtor. Vide the said order dated 11t^hJune,

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