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2021 (12) TMI 679 - Tri - Insolvency and BankruptcyDissolution of the Corporate Debtor - Section 54 of the Insolvency and Bankruptcy Code, 2016, r/w Regulations 44 and 45 of IBBI (Liquidation Process) Regulations, 2016 - HELD THAT:- Since all the assets of the CD have been completely liquidated, this Authority in exercise of the powers conferred under Sub-section (2) of Section 54 of the I & B Code, 2016, hereby orders the dissolution of the Corporate Debtor, viz, M/s. MCCL PETROCHEM PRIVATE LIMITED from the date of this order, and the Corporate Debtor stands dissolved. Consequently, the Liquidator stands relieved. The Liquidator and the Registry are directed to send the copy of this order within 7 days from the date of pronouncement to the RoC with which the Corporate Debtor is registered - Application disposed off.
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