9911796707
TMI Blog2022 (8) TMI 548X X X X Extracts X X X X X X X X Extracts X X X X ..... - Application disposed off. - (IB)-364/ND/2022 - - - Dated:- 28-7-2022 - P.S.N. Prasad, Member (J) And Rahul Bhatnagar, Member (T) For Appearing Parties : Anang Kumar Shandilya, Adv. and Sweety Kumar, AROC ORDER P.S.N. Prasad, Member (J) 1. This application is filed by the Liquidator Mr. Anang Kumar Shandilya duly Authorised vide Special Board Resolution dated 25.03.2021 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) seeking dissolution of M/s. Nuberg Zirax Engineering Private Limited (hereinafter referred to as Company ). 2. The aforesaid Company was incorporated on 11.07.201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... being the Directors of the company, made a declaration of solvency on March 12, 2021. The Declaration by all of the Directors along with audited financial statement and record of the business operation of the Company for the previous two years were filed with the Registrar of Company, NCT of Delhi and Haryana in Form GNL-2 vide SRN: T10903177 dated March 30, 2021, which was duly approved by the said Authority. That, as per section 59 of Insolvency and Bankruptcy Code, 2016, the Directors and Members of the Company in Extraordinary General Meeting held on 25.03.2021, approved to Voluntary Liquidate the Company under the provisions of Section 59 of the Insolvency and Bankruptcy Code, 2016, and appointed Mr. Anang Kumar Shandilya ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C on May, 9, 2021. The Liquidator has intimated the ROC regarding the commencement of Liquidation and appointment of Liquidator on 30.03.2021. That pursuant to Section 178 of the Income Tax Act, 1961, the Liquidator on 10.04.2021 intimated the Income Tax authorities about the initiation of the Voluntary Liquidation process of the Company. The Income Tax Authority on 24.11.2021 provided No Objection Certificate (NOC) showing no demand Outstanding. That post payment of the liquidation cost and other related expenses thereof, an amount of Rs. 65,52,940/- (Rupees Sixty Five Lakhs Fifty Two Thousand Nine Hundred and Forty) was realised. The Liquidator distributed the proceeds of realization among the equity shareholders in p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ccorded by the voluntary liquidator by way of the present application, there is no legal impediment in allowing the prayer of the applicant. Accordingly, we hereby allow the Prayer of Liquidator to dissolve the Company U/S. 59 of IBC and the said company is hereby dissolved with effect from the date of the present order. The Liquidator is directed to preserve a physical or electronic copy of the reports, registers, books of account referred to in Regulation 8 and 10 for at least eight years after the dissolution of the corporate person, either with himself or with an information utility. 6. A copy of this order be filed with the ROC within the statutory period as per the applicable provisions. 7. File be consigned to the Record Room. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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