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TMI Blog2021 (4) TMI 1147X X X X Extracts X X X X X X X X Extracts X X X X ..... r stands dissolved from the date of this order as per the Section 54(2) of the Insolvency and Bankruptcy Code, 2016 - application allowed. - I.A. No. 212 of 2021 in IA No. 274 of 2020 in C.P. (I.B.) No. 419/9/NCLT/AHM/2019 - - - Dated:- 5-4-2021 - M.B. Gosavi, Member (J) and Virendra Kumar Gupta, Member (T) For the Appellant : Vinit Nagar, Learned PCS ORDER Virendra Kumar Gupta, Member (T) 1. The instant application has filed by liquidator under Section 54 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as IB Code ) r.w. Regulation 14 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (hereinafter referred to as Liquidation Regulations ) seeking the order of di ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pplication bearing no. IA 274 of 2020 in CP (IB) 419 of 2019 before this Adjudicating Authority for passing the order of Liquidation. This Authority vide order dated 07.08.2020 passed the liquidation order and resolution professional was appointed as Liquidator. 5. The Liquidator made the public announcement on 12.08.2020 in Form- B under Regulation 12 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (hereinafter referred to as Liquidation Regulations ) to call upon stakeholders to submit their claims in English daily newspaper Times of India in Rajkot Edition and Gujarati daily newspaper Divya Bhaskar in Bhavnagar Edition. As stated above that there is only one creditor in the COC member namel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bmitted that the Final Report on liquidation pursuant to Regulation 45 of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 to this Authority on 22.02.2021. The liquidator submitted that there are no pending litigations against corporate debtor before any Courts/Tribunals/Forums. 10. We perused the record. We heard the Learned Counsel for the Liquidator and examined Certificate of Compliance in form H as produced before us. The Certificate contains the details of accounts of the Corporate Debtor. Section 54(2) of the Insolvency and Bankruptcy Code, 2016 states that: The Adjudicating Authority shall on application filed by the liquidator under Sub-Section (1) order that the Corporate Debtor shall be dis ..... X X X X Extracts X X X X X X X X Extracts X X X X
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