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2022 (5) TMI 1253 - Tri - Insolvency and BankruptcySeeking dissolution of Company - section 59(7) of the Insolvency and Bankruptcy Code, 2016 (Code) read with Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (IBBI Regulations) - HELD THAT:- In view of the steps taken and the satisfaction accorded by the liquidator by way of the present application, there is no legal impediment in allowing the prayer of the applicant. Accordingly, as per the section 59(8) of the IBC, 2016, the Prayer of Liquidator to dissolve the Company U/s. 59(7) of IBC is allowed and the said company is hereby dissolved and is voluntarily wound up with effect from the date of the present order. Application allowed.
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