The National Company Law Tribunal (NCLT), Kochi Bench, has ordered the liquidation of Malayalam Vehicles India Private Limited (a former Tata Motors passenger vehicle dealer) in furtherance to the resolution passed by the Committee of Creditors (CoC) to liquidate the corporate debtor.
The bench comprising Judicial Member Vinay Goel and Technical Member Madhu Sinha observed that considering the decision taken by the COC of the Corporate Debtor, this Adjudicating Authority deems it fit to order liquidation of the Malayalam Vehicles India Private Limited.
Malayalam Vehicles Pvt Ltd is a former Tata Motors passenger vehicle dealer. It lost its dealership before the commencement of the CIRP. The decision came in an …