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TMI Blog2021 (7) TMI 501X X X X Extracts X X X X X X X X Extracts X X X X ..... Bankruptcy Code, 2016 read with the regulations have been made within time, more specifically submission of the Form GNL-2 to the ROC and the intimation to the IBBI vide email, after realisation and distribution of the assets to its members and closure of the Bank account. In view of the satisfaction accorded by the voluntary liquidator by way of the present application accompanied by an affidavit, the said company is hereby dissolved with effect from the date of the present order - Application allowed. - (IB)-264/ND/2021 - - - Dated:- 1-7-2021 - P.S.N. Prasad, Member (J) And Narender Kumar Bhola, Member (T) For the Appellant : Party-in-Person ORDER P.S.N. Prasad, Member (J) 1. This application is filed under sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ose, an Extra Ordinary General Meeting of the members was held to approve the Voluntary Liquidation of the company and the said decision was made after making a full enquiry into the affairs of the company. As proposed by the Board, the members of the Company in their Shareholders Meeting held on 30.09.2019 passed a special resolution as required under section 59 of the Insolvency and Bankruptcy Code read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 ( Regulations ) to liquidate the Company voluntarily. The Declaration of Solvency was submitted to the Registrar of Companies in Form GNL-2. c. Pursuant to the provisions of Section 59 of the Code and other applicable provisions of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oard of India (IBBI) to place the same on its website. The IBBI has published the same on its website on 04.10.2019. Further an e-Mail dated 10th October, 2019 received from IBBI shows that the e-mail id mentioned in Form A and the e-mail id, registered with the Board are different and directed Liquidator to rectify the error. The liquidator in compliance to e-mail dated 12th October, 2019 has issued Corrigendum to the Form - A in Financial Express, English Edition and Jansatta, Hindi Edition at New Delhi both on 12th October, 2019. The copies of the Corrigendum in Form A along with related correspondence with IBBI are filed on record. g. There were no creditors of the company as on the liquidation commencement date. h. In terms o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rtaining to liquidation since the liquidation commencement date is also filed on record m. A copy of the Final Report showing the realisation and payment to the creditors and Members of the Company, containing the details as required under regulation 38 of Insolvency Bankruptcy Board of India (Voluntary Liquidation Process), 2017 is also filed on record. n. A copy of the Final Report was sent to the IBBI by hand and was submitted to the ROC in Form GNL-2 on 31.03.2021. Subsequent to the payment of the expenses and payment to Members of the Company, the liquidator has closed the liquidation account. A statement of the Bank account showing for the closure of the account is enclosed with the petition and marked as Annexure P. 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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