TMI Blog2021 (2) TMI 1260X X X X Extracts X X X X X X X X Extracts X X X X ..... riya and Sanyam Goel, Advocates ORDER Bachu Venkat Balaram Das, Member (J) 1. This is an application filed by Prognosys E Consulting India Private Limited through liquidator, Mr. Munish Kumar Sharma, to initiate voluntary liquidation proceedings under section 59 of Insolvency and Bankruptcy Code, 2016 (IBC), inter-alia seeking following prayers: i. Pass an Order U/s. 59(8) of the Insolvency a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the Code read with Regulation 3(4) of the Regulations have signed an affidavit declaring that they have made full inquiry into the affairs of the company and have formed an opinion that the company has no debts as on date and the Company is not being liquidated to defraud any person. 4. The Company held the Annual General Meeting on 30.09.2019 and passed a Special Resolution to voluntarily liqu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tor prepared a Preliminary Report dated 14.11.2019 under Regulation 9 of the Regulations for the shareholders of the Company within the stipulated 45 days from the date of commencement of Liquidation Process. 7. The Liquidator closed the previous Bank Account of the Company maintained at Canara Bank, Daryaganj, New Delhi and opened a new Bank Account (Liquidation Account) in the name of Prognosys ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etails with regard to the Liquidation Process. That the Final Report dated 26.07.2021 has been filed with Registrar of Companies through Form GNL 2 on 27.07.2021. 9. That the affairs of the Company have been duly wound up and all the compliances have been made as per the Code and the Regulations applicable. 10. The Liquidator has filed this application before this Tribunal under section 59(7) of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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