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2022 (3) TMI 281

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..... he Insolvency and Bankruptcy Code, 2016 read with the regulations have been stated within time, more specifically submission of the Form GNL-2 to the ROC and the intimation to the IBBI vide email, after realisation and distribution of the assets to its members and closure of the Bank account. In view of the satisfaction accorded by the voluntary liquidator by way of the present application, the said company is hereby dissolved with effect from the date of the present order - Petition allowed. - (IB)-581/ND/2021 - - - Dated:- 24-2-2022 - Dharminder Singh, Member (J) And Sumita Purkayastha, Member (T) ORDER Sumita Purkayastha, Member (T) 1. This application is filed under section 59 of the Insolvency and Bankruptcy Code, 20 .....

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..... c. 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 12.10.2020 whereby Mr. Hardev Singh, an Insolvency Professional having registration no. IBBI/IPA-002/IP-N00177/2017-2018/10449 was appointed as the Voluntary Liquidator of the Company. d. The voluntary liquidator has given the required intimation under section 178 of the Income Tax Act, 1961 with the Income Tax Authorities on 14th October, 2020. Copy of the letter dated 14th October, 2020 has been placed on record. e. As per the requirement of Regulation 14 of the IBBI (Voluntary Liquidation Process) Regulations, 2017, the voluntary liquidator published a not .....

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..... directions of the NCLT order dated 21.10.2021. 5. When the matter was first heard, this Bench had directed that notices be issued to the RoC. The ROC has filed their reply stating that an Affidavit of Solvency was filed by the Director deposing that the Company was not being liquidated to defraud any person. 6. Pursuant to the service of the notices to the ROC and IBBI, no objection has been raised by them. The voluntary liquidator has filed an affidavit confirming that neither he nor the Company has received any objection with regard to the present liquidation proceedings of the company from any authority whatsoever. 7. The applicant states that necessary compliances of Section 59 and other relevant provisions of the Insolvency a .....

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