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2020 (7) TMI 778 - Tri - Insolvency and BankruptcyApplication filed by Voluntary Liquidator - Dissolution of Company - Section 59 of the Insolvency and Bankruptcy Code, 2016 read with Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 - HELD THAT:- Necessary compliances of Section 59 and other relevant provisions of the Insolvency and Bankruptcy Code, 2016 read with the regulations have been made within 12 months from the date of commencement of the liquidation proceedings - the Application is duly supported by the affidavit of the Voluntary Liquidator. The Liquidator has distributed all the proceeds to the shareholders and has closed the account. Further, in terms of Regulation 38 of the IBBI Regulations, the voluntary liquidator has submitted the final report to the IBBI and RoC on 22.04.2019 along with all annexures. In view of the satisfaction accorded by the Voluntary Liquidator by way of the present application, duly accompanied by his affidavit, the said applicant Company is hereby dissolved with effect from the date of the present order - Petition allowed.
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