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2022 (1) TMI 211

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..... nst the subject Company. That this office has compiled the above factual report on the basis of the records maintained document filed by the concerned Company on MCA21 portal. There is no legal impediment in allowing the prayer of the applicant - the Prayer of Liquidator to dissolve the Company U/s. 59 of IBC, is allowed - application allowed. - (IB)-50/ND/2021 - - - Dated:- 20-12-2021 - P.S.N. Prasad, Member (J) And Rahul Bhatnagar, Member (T) For the Appellant : C.S. Suraj Sharma For the Respondents : Sweety Khattar ORDER Rahul Bhatnagar, Member (T) 1. This application is filed by the Voluntary Liquidator under section 59 of the Insolvency and Bankruptcy Code, 2016 (Code) read with Insolvency and Bankruptcy .....

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..... he Company. c) That pursuant to Regulation 59(4) of the Insolvency and Bankruptcy Code, 2016, the Registrar of Companies of NCT of Delhi and the Insolvency and Bankruptcy Board of India were notified within the prescribed time of seven (7) days of passing of the said Resolution. d) As per the requirement of Regulation 14 of the IBBI (Voluntary Liquidation Process) Regulations, 2017, the voluntary liquidator published a notification in the newspaper, namely, Financial Express in English dated 28.09.2019 and Jansatta in Hindi dated 28.09.2019. e) That pursuant to Section 59(3)(a) and (b) the company duly prepared and filed a Declaration of Solvency along with audited financial statements and record of business operations of .....

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..... 7; 8070 was appearing on the TDS Portal on account of interest and delay filing. Therefore, the Liquidator has deposited the same amount of outstanding liability on 16.02.2021. The Hon'ble Tribunal vide order dated 13.07.2021 had directed the petitioner company to file Compliance Affidavit to confirm payment of tax dues and to undertake payment of tax dues, if any, in future. The transferee company has filed the said affidavit dated 18.09.2021 complying with the directions of this Hon'ble Tribunal. l) That the Liquidator distributed the proceeds of realization to the two stakeholders, in their capacity as shareholders of the Company, which were debited from the Liquidation bank account on 21.11.2020 and 28.12.2020 respectively .....

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..... maintained no inquiry/inspection/complaint/legal action has been proceeded/pending against the subject Company. That this office has compiled the above factual report on the basis of the records maintained document filed by the concerned Company on MCA21 portal. 5. In view of the foregoing steps taken and the satisfaction accorded by the voluntary liquidator by way of the present application, there is no legal impediment in allowing the prayer of the applicant. Accordingly, we hereby allow the Prayer of Liquidator to dissolve the Company U/s. 59 of IBC and the said company is hereby dissolved with effect from the date of the present order. The Liquidator is directed to preserve a physical or electronic copy of the reports, registers, .....

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