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TMI Blog2022 (3) TMI 1219X X X X Extracts X X X X X X X X Extracts X X X X ..... Liquidator. The Liquidator has distributed all the proceeds to the shareholders and has closed the Account. Further, in terms of Regulation 38 of the IBBI Regulations, the liquidator has submitted the Final Report to the IBBI through email on 23.02.2021 and ROC in Form GNL-2 on 19.02.2021. In view of the satisfaction accorded by the Liquidator by way of the present Application, duly accompanied by her affidavit, the said Applicant Company is hereby dissolved with effect from the date of the present order - petition allowed. - C. P. (IB) No. 07/BB/2022 - - - Dated:- 16-3-2022 - Ajay Kumar Vatsavayi , Member ( J ) And Manoj Kumar Dubey , Member ( T ) For the Appellant : Srilakshmi Purushotham ORDER Manoj Kumar Dubey , Me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inancial resources it was financially not viable to carry on the business activities of the Company and proposed to close down the Company by way of Voluntary Liquidation. ii. As required under the provisions of Section 59 of the I B code, 2016, Mr. Pritam Roy and Mr. Sunkari Harikrishna, being the Directors, made a declaration of solvency on 06.03.2020. Further, as proposed by the Board, the members of the Company in their Extra-ordinary General Meeting held on 06.03.2020 passed a special resolution to liquidate the Company voluntarily and appointed Ms. Srilakshmi Purushotham, an Insolvency Professional, having IP registration No. IBBI/IPA-001/IP-P00951/2017-2018/11571 to act as Liquidator of the Company. iii. It is stated that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No Objection Certificate from the Income Tax Department on 07.12.2020. vii. Subsequent to the payment to Members of the Company, the Liquidator has closed the Liquidation account. Further, the Liquidator prepared the Final report showing the realization and payment to the members of the Company, containing the details as required under Regulation 38 of the Regulations and the same was submitted to the Registrar of Companies, Bangalore in Form GNL-2 and was sent to the IBBI through email on 23.02.2021. 5. The liquidator has produced the report of Income Tax Department dated 07.12.2020 stating that no outstanding taxes as per the records available in this office. 6. It is further deposed that necessary compliances of Section 59 a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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