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2021 (6) TMI 441 - NATIONAL COMPANY LAW TRIBUNAL , HYDERABAD BENCHVoluntary Liquidation - Section 59 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The main intention for the Company management of the Corporate Person decided to wind up the Company, as they felt that the Company is not carrying out any business. The Liquidator has complied with all the conditions and procedural requirements as specified under Section 59 of IBC and Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 before initiating voluntary liquidation process of the Corporate Person and we find that the affairs of the Corporate Person have been completely wound up as there is no assets in the Company and as such had voluntarily liquidated itself so as to get dissolved. The Corporate Person, M/s. CONNATE INSURANCE SURVEYORS AND LOSS ASSESSORS PRIVATE LIMITED is hereby dissolved, with immediate effect - Application allowed.
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