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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 ..... y Profession), seeking voluntary liquidation. 2. M/s. Connate Insurance Surveyors and Loss Assessors Private Limited (referred to as Corporate Person for the sake of brevity) was incorporated under the provisions of Companies Act, 1956 on 19.02.2014 having its registered office at EzResolve LLP, 402B, 4th Floor Technopolis, Chikoti Gardens, Begumpet, Hyderabad-500016. 3. It is averred that the management of the Corporate Person decided to wind up the Company as the Company was not carrying out any business for a considerable amount of time. 4. The Board of Directors of the Corporate Person, decided to liquidate the company voluntarily. The Board also made a Declaration of Solvency dated 16.08.2018 as required under Section 59(3)(a)(i) of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Telugu) newspapers inviting claims from the stakeholders, if any, as required under Regulation 14 of IBBI (Voluntary Liquidation Process) Regulations, 2017. The Company has no creditor and hence not sought any approval from the Creditors. However, the Liquidator has not received any claims. There are 18 shareholders in the Company as detailed at para 74 of the Application. The dues were paid to the members of the Company on 31.10.2018, 26.12.2018 and from 22.09.2020 to 09.10.2020. 8. The Liquidator has further complied with Regulation 37 of Insolvency & Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 by holding a meeting of contributories of the Corporate Person on 25.09.2019 as the liquidation process continu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Corporate Person and we find that the affairs of the Corporate Person have been completely wound up as there is no assets in the Company and as such had voluntarily liquidated itself so as to get dissolved. 12. As a sequel to the other, by exercising the powers conferred on the Adjudicating Authority under Section 59 of the Code, we hereby allow the Company Petition with following directions:- (i) The Corporate Person, M/s. CONNATE INSURANCE SURVEYORS AND LOSS ASSESSORS PRIVATE LIMITED is hereby dissolved, with immediate effect. (ii) The Registry is directed to forward a copy of this order within a period of 14 days from the date of this order to the Registrar of Companies, Hyderabad for marking appropriate remarks for the Company on ..... X X X X Extracts X X X X X X X X Extracts X X X X
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