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TMI Blog2022 (2) TMI 13X X X X Extracts X X X X X X X X Extracts X X X X ..... blication in Form-A in two newspapers. The Liquidator has completed the final distribution of assets and has also closed the bank account. The Liquidator has also prepared and submitted the final report to the IBBI and RoC. The Application is duly supported by the affidavit of the Liquidator. The concerned RoC has also submitted in its report that as per data available and maintained, no inquiry/inspection/complaint/legal action has been proceeded/pending against the subject company. Further, it is submitted that the liquidation process of corporate person could not be completed within time period of one year as prescribed under Regulation of 37(1) of IBBI (Voluntary Liquidation Process) Regulation, 2017. The applicant Company is here ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n of the Company along with the Company's Master Data, list of shareholders and list of directors are annexed with the main petition and marked as Annexure-A. 3. It is averred that the company decided to close down its business operations as the management of the Company did not have any future plans for which the company was formed. After considering all the facts and circumstances the company has decided to voluntary liquidate the affairs of the company as per Section 59 of the Insolvency and Bankruptcy Code, 2016 read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. 4. The Board of Directors in its meeting of the corporate person also made a Declaration of Solvency dated 02.11 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the petition). The Registrar of Companies, NCT of Delhi and Haryana by virtue of filing e-Form MGT 14 vide SRN H33568189 dated 17.12.2018 and e-Form GNL-2 along with its challan as filed with the RoC and the letter for filing the resolution with IBIBI are attached with the main petition marked as Annexure-H. The Liquidator has also received No Objection Certificates (NOC) for closure of M/s. OneSource India Private Limited, from the Income tax Department vide their letter dated 07.05.2019. Copy of the said NOC is attached with the main petition as Annexure-L. 8. The Liquidator made public announcement on 23.11.2018 in Financial Express (English Newspaper) and Jansatta (Hindi Newspaper) Newspapers inviting claim from the stakeholder ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10.09.2020 and was also submitted to IBBI vide e-mail dated 10.09.2020 attached as Annexure-T of the main petition. 11. It is further submitted that the Bank Statement showing repatriation of amounts to the Shareholders and Nil Balance of Bank Account in Voluntary Liquidation is attached with the main petition and is marked as Annexure-R. 12. We have heard the counsel appearing for the Liquidator for the Corporate Person and perused the records and extend provisions of the Code and Rules/Regulations made thereunder. 13. In the present case, it may be seen from the records the main intention for the company to wind up its services is that company decided to close down its business operations in India and doesn't intend to carry ..... X X X X Extracts X X X X X X X X Extracts X X X X
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