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2022 (8) TMI 615 - Tri - Insolvency and BankruptcyDissolution of the corporate Applicant - Section 59 of the IBC, 2016 read with Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 - HELD THAT:- On examining the Application, documents annexed therewith and the submissions made by the Applicant/Liquidator, it emerges that affairs of the Company have been completely wound up and its assets have been completely liquidated and there is no litigation pending against the Company. It is further observed that ROC and Income Tax has filed its reports in response to the compliance affidavit dated 20.04.2022. On perusal of the affidavits, it is observed that the ROC and Income tax has no objection. That inspite of notice none appeared on behalf of the IBBI and accordingly no objection was raised. In view of the facts placed on record, averments and the submissions made by the Liquidator, the Company deserves to be dissolved. The Company is hereby dissolved with immediate effect - Application allowed.
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