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TMI Blog2021 (2) TMI 517X X X X Extracts X X X X X X X X Extracts X X X X ..... i. The Liquidator is directed to file this order with the concerned Registrar of Companies, Income Tax Department and IBBI within 14 days from the date of receipt of an authentic copy this order, for information and necessary action. iii. The Liquidator is also directed to file this order with all other Statutory Authorities connected with the affairs of the Company. iv. The Liquidator shall preserve a physical or an electronic copy of the reports, registers and books of account referred to in Regulations 8 and 10 of IBBI Regulations for at least eight years after the dissolution of the Corporate Person, either with himself or with an information utility. - CA No. (IB) 44/59/JPR/2020 - - - Dated:- 9-2-2021 - SH. RAGHU NAYYAR, TECH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r vessels of every description and to undertake, carry on business activities and provide services of all types and description including charter hiring of supply vessels. However, it is submitted that the Company is no longer operational and has no prospects of carrying-on business in future. 4. The Applicant Company, at present, has three directors, Mr. Anil Kapoor, Mr. Abhay Baijal and Mr. Rajveer Singh. It is stated in the Application that the shareholders of the Company are not intending to do any business or carry on any commercial activity through the Company, which, nevertheless is financially sound to pay off its current / pending debts. Thus, the Board of Directors (BOD) of the Company in their meeting held on 29.10.2018 resol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r of Companies, Jaipur (ROC) within 7 days of the resolution, on 14.12.2018 and also IBBI, New Delhi vide letter dated 14.12.2018 about the passing of a Special Resolution under subsection (3) of Section 59 of the IBC to liquidate the Corporate Person. Copies of Form MGT-14 to the ROC and letter to Insolvency and Bankruptcy Board of India ('IBBI'), New Delhi are annexed with the Application as Annexure F (colly). 8. The Liquidator made a public announcement of commencement of liquidation in Form A of Schedule I as per Regulation 14 of Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 in English, Times of India and another in Hindi language Newspaper, Dainik Navjyoti dated 14.12.2018 in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r stated that all relevant filings under various applicable laws had been done and no complaint had been received by the ROC against the Applicant Company from any Shareholders, Creditors and Stakeholders. Further there is no pending investigation and no prosecution filed by the office of ROC for any violation of the any provisions of the Companies Act. Further, the ROC stated that it has no objection for dissolution of the Company under provisions of the Companies Act, 2013. 12. The Liquidator had submitted his Preliminary Report dated 23.01.2019. In the said report, the Liquidator had stated that that the company was not doing any business and its books of accounts reflect that the company was left with assets worth ₹ 33,38,592,. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IBBI vide letter dated 10.12.2019. Copy of the said final report is annexed as Annexure-N to the Application. 14. As per Regulation 34 of IBBI Regulations, the Liquidator had duly opened a Bank Account in the name and style of India Steamship Limited - Voluntary Liquidation in IDBI Bank Limited on 08.03.2019, and in proof thereof has enclosed the statement of account from 13.03.2019 till 02.12.2019. The statement of the aforesaid account dated 07.12.2019 shows that the said account has been closed on 07.12.2019. Copy of the bank statement is annexed as Annexure-A of compliance affidavit filed vide dairy no. 236/2021 dated 21.01.2021. 15. On hearing the submissions made by the counsel appearing for the Corporate Person and examinat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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