2020 (2) TMI 1120

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..... ication is IB-929/ND/2019, that has been filed by the Liquidator under Section 59(7) of the Insolvency and Bankruptcy Code (in short, 'I&B Code, 2016'). The prayer made is to order Dissolution of the Company viz., Yosun India Private Limited (hereinafter referred to as 'the Company'). 2. Heard the liquidator and perused the application including the documents placed on file. 3. I .....

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..... dation of the Company as follows:- RESOLVED THAT pursuant to section 59 of the Insolvency and Bankruptcy Code, 2016 read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (hereinafter referred to as the "VLP Regulations"), applicable provisions of the Companies Act, 2013, Memorandum and Articles of Association of the Company and subject to other .....

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..... he Liquidation of the Company in Form A on 27.04.2018, one in English Newspaper and another in vernacular seeking submission of claim by stakeholders as mandated under Section 59(5) of the I&B Code, 2016. The said public announcement was sent to the IBBI to place it on its website. 8. It is stated that as required under the Regulations, 2017, the Liquidator opened a bank account in May, 2018, in .....

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..... 19. Further the RoC has furnished a no objection report on 17.09.2019. 10. It is stated that the Liquidator has placed on record the Final Report showing realization and payment to the stakeholders, containing details as required under Regulation 38 of IBBI (Voluntary Liquidation Process) Regulations 2017. Besides that, copy of the Final Report, dated 28.03.2019, was submitted to the RoC in Form .....

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..... egulations 8 and 10 of IBBI (Voluntary Liquidation Process), Regulations, 2017, for at least eight (8) year after the dissolution of the Corporate Person, either with himself or with an information utility, 12. The Registry will forward a copy of this Order to the RoC, with which the Corporate Person is registered. Accordingly, CP/929/IB/2019, stands disposed of.
Case laws, Decisions, Judgeme .....

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