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TMI Blog2022 (5) TMI 1253X X X X Extracts X X X X X X X X Extracts X X X X ..... achu Venkat Balaram Das, Member (J) 1. This application is filed by the Liquidator under section 59(7) of the Insolvency and Bankruptcy Code, 2016 (Code) read with Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (IBBI Regulations) seeking dissolution of M/s. Shanti Tradeworld Private Limited (herein referred to as the ("Company"). 2. The aforesaid Compa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cable provisions of the Code, the Extraordinary General Meeting of the Members of said company was held on 01.08.2020, a special resolution was passed for approval of the proposal for voluntary liquidation of the corporate person as members' voluntary liquidation and appointed Mr. Arunesh Kumar Dubey, a registered Insolvency Professional vide registration no. IBBI/IPA-002/IP-N00858/2019-20/127 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on its official website on 04.08.2020. e. The Liquidator has also intimated the commencement of liquidation and appointment of liquidator to the Income Tax Authority as required under section 178 of Income Tax Act, 1961 on 04.09.2020 and pursuant to that no objection certificate was issued by the Income Tax Authority dated 22.10.2020. f. The Liquidator has not received any claim from creditor. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e is no legal impediment in allowing the prayer of the applicant. Accordingly, as per the section 59(8) of the IBC, 2016, we hereby allow the Prayer of Liquidator to dissolve the Company U/s. 59(7) of IBC and the said company is hereby dissolved and is voluntarily wound up with effect from the date of the present order. The Liquidator is directed to preserve a physical or Electronic copy of the re ..... X X X X Extracts X X X X X X X X Extracts X X X X
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