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2022 (10) TMI 145 - Tri - Insolvency and BankruptcySeeking dissolution of the Applicant Company - seeking necessary direction to the ROC to change the status of Corporate Person from under liquidation to dissolved - Section 59(7) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 38(3) of Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 - HELD THAT:- The Company is not involved in any kind of business activities, wherein the public interest at large is involved or it is going to be affected adversely in case such dissolution of the Company is ordered. This Adjudicating Authority in exercise of power conferred under Section 59 (8) of the Insolvency and Bankruptcy Code 2016, the Applicant Company i.e., “M/s. NEFA Road Carrier Pvt. Ltd.” is ordered to be dissolved with effect from the date of this Order i.e. 16.09.2022 - Application allowed.
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