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2019 (8) TMI 785 - Tri - Insolvency and BankruptcyDissolution of the Corporate Debtor - fullest extent of the assets of the Corporate Debtor satisfied and there being no further assets to be utilized for recovery of dues of the Creditors/Stakeholders - HELD THAT:- In view of the details provided in the application under consideration and the record placed on file, this Adjudicating Authority in exercise of the powers conferred under Sub-Section (2) of Section 54 of the Code, hereby, orders the dissolution of the Corporate Debtor viz. New Tech fittings Private Limited from the date of this order and the Corporate Debtor stands dissolved. Since bank account in the name of “New Tech Fittings Pvt. Ltd., in Liquidation” bearing No. 0960002105018806 opened with Punjab National Bank, Ahmedabad, Ashram Road Branch has balance of ₹ 17,637.12, the Liquidator is hereby directed to transfer the said amount of ₹ 17,637.12 in the Public account of India in Reserve Bank of India under Section 555(2) of the Companies Act, 1956. Liquidator stands relieved.
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