2021 (6) TMI 689

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..... liquidated and proceeds have been distributed. Moreover, it is not the case that the proposed liquidation/dissolution of the company is going to affect adversely to its shareholders/ creditors or such dissolution is contrary to the provisions of law. The present petition deserves to be allowed in terms of its prayer clause - this Adjudicating Authority in exercise of the power conferred to it .....

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..... dmitted the corporate debtor into the corporate insolvency resolution process, namely, M/s. Bhoomi Ginning Pressing P. Ltd., under section 10 of the Insolvency and Bankruptcy Code, 2016 declared moratorium and appointed Mr. Vinod Tarachand Agrawal as the IRP of the corporate debtor. Copy of the said order annexed with this application as annexure A. 3. The applicant submitted that vide order da .....

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..... is under liquidation. 6. The applicant has submitted that preliminary/progress were filed with this Authority reports from time-to-time and the same are attached with the application. The liquidator has prepared receipt and payment account of the corporate debtor from the date of commencement of liquidation and the same was audited. 7. The applicant submitted that there is the sole financial .....

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..... during the meeting of consultation committee. Hence, this application. 11. The applicant submits that he has complied with the requirements for the liquidation process as per the Rules. The assets of the corporate debtor have been completely liquidated and thereby its affairs have been completely wound up. The certificate of form H along with the CA certificate is attached with the application. .....

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..... er section 54 of the Insolvency and Bankruptcy Code, 2016, orders and direct that the company M/s. Bhoomi Ginning Pressing P. Ltd. shall stand dissolved from the date of this order. 15. The liquidator is further directed to communicate a copy of this order to the Registrar of Companies (where the registered office of the company is situated), Insolvency and Bankruptcy Board of India, New Delh .....

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