NCLT Orders Liquidation of Shree Gangour Foods

NCLT rejects Resolution Professional's plea for CIRP extension and orders liquidation of Shree Gangour Foods (Jaipur) LLP.
The tribunal found the Resolution Professional negligent for not seeking timely extension and violating statutory timelines.
The NCLT directed the IBBI to take action against the RP and appointed a liquidator for the corporate debtor.