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TMI Blog2022 (10) TMI 696X X X X Extracts X X X X X X X X Extracts X X X X ..... ORDER Dharminder Singh , Member ( J ) 1. This application is filed 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) by the Voluntary Liquidator seeking dissolution of M/s. Lonely Planet India Private Limited (herein referred to as the ("Company") with the fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ness opportunities under consideration for future, therefore, the management thought its fit to liquidate the company voluntarily and consequently the shareholders of the Company have unanimously resolved and approved the liquidation of the Company. c. Pursuant to the provisions of Section 59 of the Code and other applicable provisions of the Code, a declaration of solvency duly signed by Mrs. S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Application and the same is annexed at page 210-235. f. Ld. liquidator has given the required intimation under section 178 of the Income Tax Act, 1961 to the Income Tax Authorities on 25.04.2022. g. The Declaration by majority of Directors along with the audited financial statements and record of business operations of the company were filed with ROC. h. As per the requirement of Regulation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly liquidation. The said account was closed after distribution of the liquidated assets of the company in accordance with the manner provided in Section 53 of the Act. 4. When the matter was first heard, this Bench had directed that notice be issued to the RoC. Pursuant to the service of the notices to the ROC, ROC has filed their status report dated 17.08.2022 and had no objection qua acceptance ..... X X X X Extracts X X X X X X X X Extracts X X X X
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