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2021 (6) TMI 692 - Tri - Insolvency and BankruptcySeeking Dissolution of corporate debtor - section 54 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- Liquidator has filed necessary documents along with the application. Compliance certificate in form H is enclosed at page Nos. 62-66. The final report is filed at page Nos. 13-14. This IA is filed under regulation 45 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 praying the Adjudicating Authority to order dissolution of the corporate debtor company since liquidation process is complete - The assets of the corporate person have been completely liquidated. As per the final report, the mode of sale of assets was private. There were no other assets to be disposed of and as such the operation of the corporate debtor has been completely wound up. It is evident that there are no other assets for disposal by the liquidator and as such it is a fit case for passing dissolution order in respect of the corporate debtor - the corporate debtor, viz., M/s. Taksheel Solutions Ltd., is ordered to be dissolved, from the date of this order, in terms of section 54(1) of the IBC, 2016, and the corporate applicant stands dissolved. Consequently, the liquidator stands relieved. Application disposed off.
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