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2020 (2) TMI 914 - Tri - Insolvency and BankruptcyDissolution of Corporate Applicant - permission to file a copy of the order to the ROC Bangalore etc. - CIRP process - section 54 (1) of the IBC, 2016 - HELD THAT:- The facts and circumstances of the case has established that due process of Liquidation, as per extent provisions of Code and the rules were followed by the Liquidator to liquidate the Assets of Company and the realised amounts were also distributed to the respective claimants. Therefore, the liquidation process was deemed to have completed under Chapter III of Part II of Code, and thus it would be just and appropriate for the Adjudicating Authority to dissolve the Company, and no party would be going to be affected by dissolving the Company. And the Liquidator can be directed to close the Liquidation Account, and other accounts of the Company, on receipt of copy of this order. It is hereby dissolved M/s. Eolane Electronics Bangalore Pvt. Ltd. the Corporate Applicant with immediate effect - Liquidator is permitted to close the pending viz. Liquidation Bank Account, State Bank of India and Credit Agricole Bank, as stated by him, within three weeks from the date of receipt of copy of this order. Petition disposed off.
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