2022 (10) TMI 327

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..... , Liquidator, Registration No.- IBBI/IPA-002/IP-N00723/2018- 19/12209, to initiate Voluntary Liquidation proceedings under Code. The Corporate Person is a subsidiary company of namely Shift Inc., Japan. The Corporate Person was involved in the business of providing software-based services. The Corporate Person has complied with requisite formalities and procedure of liquidation as per law and has filed this Petition for its dissolution under section 59(7) of the Code. 3. The Petitioner Company was incorporated, under the provisions of Companies Act, 1956, on 18.04.2012 as a Private Company Limited by Shares with Registrar of Companies, Pune. The Authorized Share capital of the Company is Rs. 5,00,000/- divided into 50,000 Equity Shares of .....

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..... BI/IPA-002/IP-N00723/2018-19/12209, with a remuneration of Rs. 1,00,000/- 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 14 of Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2016 in the Business Standard (English newspaper) and in Kesari (Marathi newspaper) on 20.07.2019 inviting for the submission of claims due to Shift India Private Limited by various stakeholders which is annexed at pp.108-109 of the Company Petition. The aforesaid public announcement was submitted to Insolvency and Bankruptcy Board of India (IBBI) to place the same on .....

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..... Provident Fund Commissioner vide letter dated 29.07.2019, The Commissioner of Central Goods and Service Tax (CGST) vide letter dated 12.08.2019, Maharashtra Labour Welfare Board vide letter dated 27.08.2019, Software Technology Park Authorities vide letter dated 25.09.2020, Director General of Foreign Trade vide e- mail dated 07.07.2020. 13. 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 "Shift India Private Limited in Voluntary Liquidation" (A/c No.- 919020075087640) with Axis Bank. The said Account was also closed on 07.05.2021. Email dated 07.05.2021 sent by Kharadi Branch Operations head, Axis Bank to the Liquidator confirming the c .....

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