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2020 (7) TMI 778

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..... d the account. Further, in terms of Regulation 38 of the IBBI Regulations, the voluntary liquidator has submitted the final report to the IBBI and RoC on 22.04.2019 along with all annexures. In view of the satisfaction accorded by the Voluntary Liquidator by way of the present application, duly accompanied by his affidavit, the said applicant Company is hereby dissolved with effect from the date of the present order - Petition allowed. - CP (IB) No. 02/Vol./Chd/Hry/2018 - - - Dated:- 26-7-2020 - Ajay Kumar Vatsavayi, Member (J) And Raghu Nayyar, Member (T) For the Appellant : Vaibhav Sahni, Advocate JUDGMENT Ajay Kumar Vatsavayi, Member (J) 1. This application is filed under Section 59 of the Insolvency and Bankruptc .....

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..... n with Reserve Bank of India as the company does not accept/hold any public deposit. Reserve Bank of India has accepted the request and vide order dated 05.07.2017 has cancelled the Certificate of Registration. c. In compliance of the provisions of Section 59 and other applicable provisions of the Code, the Extra-Ordinary General Meeting (EOGM) of the members and shareholders of the Company was held on 26.08.2017 and a special resolution was passed on 26.08.2017 (Annexure-6), appointing Mr. Sameer Rastogi, an Insolvency Professional, as the Liquidator of the Company. The notice of EOGM along with minutes of board meeting are annexed as Annexure-4 (Colly). d. The special resolution passed in the EOGM was filed with the RoC in form .....

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..... in Hindi on 28.08.2017. Copy of newspaper clipping are attached as Annexure A-9 of the petition. In terms of the Regulation 14(3)(c) of the IBBI Regulations, the liquidator served a copy of public announcement to IBBI to be published on its official website. i. In terms of Regulation 30, it is submitted that no claims were received from any stakeholder. j. In terms of Regulation 9 of the IBBI Regulations, the voluntary liquidator submitted the preliminary report and prepared the accounts from 1st April, 2017 till the liquidation date to the Company on 05.10.2017 (Annexure-13). k. It is stated in the Final Report that a Bank Account was opened with Canara Bank and the said account was closed after meeting the liquidation cos .....

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