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2020 (6) TMI 492 - Tri - Insolvency and BankruptcyDissolution of Applicant/Liquidator/Petitioner's Company - section 59(7) of the Insolvency and Bankruptcy Code - HELD THAT:- The affairs of the company have been completely wound up, and its assets have been completely liquidated. The petitioner Liquidator has duly complied with the above stated provision and prescribed procedure, seeking for voluntary liquidation and dissolution of the petitioner company - By perusal of the material available on record in the present petition, it is evident that, the affairs of the company are completely closed down and the assets of the company have been completely liquidated. Thus, the petitioner company stands wound-up. Hence, the Petitioner Company deserves to be dissolved. Accordingly, this Adjudicating Authority hereby order that the company shall stand dissolved with effect from the date of this order. Petition allowed.
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