9911796707
TMI Blog2022 (9) TMI 1288X X X X Extracts X X X X X X X X Extracts X X X X ..... ) For the Petitioner : Mr. Atit Kumar Soni ORDER Per : Kishore Vemulapalli , Member ( Judicial ) 1. The Court is convened through Video Conference. 2. This is a Company Petition filed under section 59 of the Insolvency and Bankruptcy Code, 2016 (hereinafter called Code ) by a Corporate person, named NOVELIS (INDIA) INFOTECH LIMITED [CIN: U72502MH2008FLC178655] through Mr. Pramod Jain, Liquidator, Registration No.- IBBI/IPA-001/IP- P00249/2017-18/10478, to initiate Voluntary Liquidation proceedings under Code. The Corporate Person is a subsidiary company of Foreign Company namely Novelis Inc., Canada. The Corporate Person was involved in the business of providing software-based services. The Corporate Person has compli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not being liquidated to defraud any person. The Directors have appended to the affidavit above, audited financial statements and record of business operations of the Company of previous two financial years. 6. The members of the Company in their Extraordinary General Meeting held on 11.01.2018 passed a Special Resolution to Liquidate the Company voluntarily and to appoint Mr. Pramod Jain, Insolvency Professional, as liquidator, having Registration No.- IBBI/IPA-001/IP-P00249/2017-18/10478, with a remuneration of Rs. 60,000/- exclusive of out of pocket expenses, at actuals, towards Voluntary Liquidation of the company. 7. The Liquidator made a public announcement of commencement of liquidation in Form A of Schedule I as per regulation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the Income Tax Officer, 5(2)(1), Room No.567, Aayakar Bhavan, M.K. Road, Mumbai, Maharashtra. The Liquidator has also submitted the NOC issued by the Income Tax Department to him vide letter dated 30.01.2018 which is annexed at pp.113-114 of the Company Petition. 12. As per regulation 34 of IBBI (Voluntary Liquidation Process) Regulations, 2017, the Liquidator has duly opened a Bank Account in the name and style of NOVELIS (INDIA) INFOTECH LIMITED in Voluntary Liquidation (A/c No.- 030-455695-001) with HSBC Bank. The said Account was also closed on 30.12.2021. 13. The Liquidator has intimated the commencement of Liquidation and appointment of Liquidator to the Income Tax Authority on 30.01.2018. 14. The Liquidator has submitt ..... X X X X Extracts X X X X X X X X Extracts X X X X
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