Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2022 (3) TMI 277

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ication is filed under section 59 of the Insolvency and Bankruptcy Code, 2016 (Code) read with Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (IBBI Regulations) by the Voluntary Liquidator seeking dissolution of M/s. AAR ESS Agro Commodities Private Limited (herein referred to as the ("Company"). 2. The aforesaid Company is a public limited company and .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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. b. Pursuant to the provisions of Section 59 of the Code and other applicable provisions of the Code, the Extra ordinary general meeting passed a special resolution dated 03.01.2019 whereby Mr. Sachin Sapra, an Insolvency Professional having registration .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the IBBI Regulations, the liquidator served a copy of public announcement to IBBI to be published on its official website. In terms of Regulation 30, it is submitted that no claims were received from any creditor. e. It is submitted that a Bank Account was opened with the HDFC Bank, in the name of "M/s. AAR ESS Agro Commodities Private Limited in Voluntary Liquidation". The said account was cl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ll as IBBI. 5. When the matter was first heard, this Bench had directed that notices be issued to the RoC. The ROC has filed their status report dated 04.02.2022. 6. Pursuant to the service of the notices to the ROC and IBBI, no objection has been raised by them. 7. The applicant states that necessary compliances of Section 59 and other relevant provisions of the Insolvency and Bankruptcy Code, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates