Liquidation of Unitech Transformers Pvt. Ltd. directed in terms of section 33(2) of IBC

In re Pravin R. Navandar (NCLT Mumbai) NCLT Mumbai held that Corporate Debtor Unitech Transformers Pvt. Ltd. is ordered to be liquidated in terms of provision of section 33(2) of the Insolvency and Bankruptcy Code as approved by members of CoC with 83.32% voting share. Facts- This is an Interlocutory Application is filed Under Section 33(2) read with Section 60(5) of the Insolvency and Bankruptcy Code 2016 R/W Rule 11 of the National Company Law Tribunal Rules, 2016 by Mr.Pravin R. Navandar, Resolution Professional, (Applicant/RP) on 21.06.2025, seeking Liquidation of Unitech Transformers Pvt...