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TMI Blog2020 (2) TMI 1120X X X X Extracts X X X X X X X X Extracts X X X X ..... he Liquidator. In view of the necessary compliances made by the Company and the Liquidator, this Authority in exercise of the powers conferred under Sub-section (8) of Section 59 of I B Code, 2016, do hereby order the dissolution of the Corporate Person viz., Yosun India Private Limited, from the date of this Order i.e.04.11.2019 - the Corporate Person stands dissolved and the Liquidator stands relieved. Application disposed off. - IB-929/ND/2019 - - - Dated:- 4-11-2019 - Ch Mohd Sharief Tariq, Judicial Member And K.K. Vohra, Technical Member Ms. Karuna Sharma for the Liquidator. ORDER K.K. Vohra. 1. Under Adjudication is IB-929/ND/2019, that has been filed by the Liquidator under Section 59(7) of the Insolven ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... other applicable laws for the time being in force, the consent of the Shareholders be and is hereby granted to liquidate Yosun India Private Limited , by way of voluntary liquidation, with effect from the date hereof 5. It is stated that the Board of Directors proposed to appoint Ms. Karuna Sharma as the Liquidator for the Company. It is further stated that they have made full inquiry into the affairs of the Company and submitted their Declaration of Solvency in accordance with Section 59(3) of the I B Code, 2016. 6. It is stated that the Company has notified to the Registrar of Companies and the IBBI about the decision to proceed for Voluntary Liquidation. 7. It is contended that the Voluntary Liquidation proceedings commenced f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under Regulation 38 of IBBI (Voluntary Liquidation Process) Regulations 2017. Besides that, copy of the Final Report, dated 28.03.2019, was submitted to the RoC in Form GNL - 2 and sent to IBBI through e-mail and by registered post. Subsequent to the payment to creditors and members of the Applicant, the balance in the liquidation account is NIL and an application w.r.t. closure of the bank account has been made by the Liquidator. 11. In view of the necessary compliances made by the Company and the Liquidator, this Authority in exercise of the powers conferred under Sub-section (8) of Section 59 of I B Code, 2016, do hereby order the dissolution of the Corporate Person viz., Yosun India Private Limited, from the date of this Order i.e.04 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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