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TMI Blog2021 (6) TMI 441X X X X Extracts X X X X X X X X Extracts X X X X ..... e been completely wound up as there is no assets in the Company and as such had voluntarily liquidated itself so as to get dissolved. The Corporate Person, M/s. CONNATE INSURANCE SURVEYORS AND LOSS ASSESSORS PRIVATE LIMITED is hereby dissolved, with immediate effect - Application allowed. - CP (IB) No. 91/59/HDB/2021 - - - Dated:- 26-4-2021 - Bhaskara Pantula Mohan, Member (J) and Veera Brahma Rao Arekapudi, Member (T) For the Appellant : G. Raghu Babu Gunturu, Liquidator ORDER Veera Brahma Rao Arekapudi, Member (T) 1. This Company Petition under Section 59 of the Insolvency and Bankruptcy Code, 2016 (herein after referred to as Code) is filed by the Corporate Person/Connate Insurance Surveyors and Loss Assessors Pri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be fixed by the Directors for performing the duties of liquidator of the Corporate Person as required under Section 59(3)(c)(i) of the Code. Accordingly, the liquidation of the Company is deemed to have commenced on 10.09.2018. 6. Further the Company has notified about passing of a Special Resolution to liquidate itself to the Insolvency and Bankruptcy Board of India (IBBI) on 13.09.2018, the Registrar of Companies, Hyderabad on 17.09.2018 and concerned Income Tax Authorities on 03.10.2018. It is also averred that there were no claims received from the IT Department. The No-objection certificate dated 13.08.2020 received from IT Department is annexed and marked as Annexure G (Page No. 79). 7. The Liquidator made public announcement o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2.2020. Subsequent to the payment to Members of the Company, the Liquidator has closed the liquidation account and certificate of closure issued by the Bank is annexed and marked as Annexure-L. 10. We have heard the Liquidator for the Corporate Person and perused the records and extant provisions of the Code and Rules/Regulations made thereunder. 11. As seen from the records, the main intention for the Company management of the Corporate Person decided to wind up the Company, as they felt that the Company is not carrying out any business. The Liquidator has complied with all the conditions and procedural requirements as specified under Section 59 of IBC and Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regul ..... X X X X Extracts X X X X X X X X Extracts X X X X
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