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2022 (4) TMI 523 - Tri - Insolvency and BankruptcySeeking dissolution of the Corporate Debtor - Section 54 of the Insolvency and Bankruptcy Code, 2016 read with Regulation 45 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 - HELD THAT:- Having satisfied that no assets were found during the CIRP and liquidation process for recovery of dues of the Stakeholders, nothing would remain in the Liquidation Process of the Corporate Debtor, to proceed with. The liquidator therefore conducted the final meeting of the Stakeholders Consultation Committee on 04.06.2021, wherein it was resolved to apply for dissolution of Corporate Debtor, hence, the instant application is filed by the Liquidator. In view of the documents placed on record, in the exercise of the powers conferred under section 54(2) of the IB Code, the dissolution of the Corporate Debtor viz., M/s. Drup Suppliers Pvt. Ltd. having CIN U65990GJ1987PTC009648 is ordered from the date of this order and the Corporate Debtor stands dissolved. Application allowed.
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