2022 (6) TMI 1046 - Insolvency & Bankruptcy

Head Note / Extract:
Seeking dissolution of the Corporate Person through voluntary liquidation - Section 59 of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- On verification of the documents produced, it is noticed that the affairs of the Corporate Person have been completely wound up and its assets were liquidated following the relevant provisions in the IBBI (Voluntary Liquidation Process), 2017. Hence, the Corporate Person may be voluntarily liquidated so as to get it dissolved. This Tribunal approves the voluntary liquidation and dissolution of the Corporate Person and order that the Corporate Person shall stand dissolved from the date of this order - Petition allowed.