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TMI Blog2021 (7) TMI 979X X X X Extracts X X X X X X X X Extracts X X X X ..... uidation and accordingly it has proposed for voluntarily winding up under Section 59 of the Code, read with Rules and Regulations therein. The Corporate Person has completed requisite formalities and procedure of liquidation in compliance of law and has filed this Petition for its dissolution under Section 59(7) of the Code. 2. The Corporate Person was incorporated on 11.03.2011, having Registered Office at Level 13, Platinum Techno Park, Plot No. 17/18, Sector 30A, Vashi, Navi Mumbai - 400 705, India. 3. The Board of Directors of the Corporate Person by a resolution dated 01.06.2018 decided to liquidate the company voluntarily. On 02.06.2018 the Board of Directors, after having made full inquiry into the affairs of the Corporate Person, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny. Therefore, it can be said that the company is not liquidate to defraud any person. 7. The Liquidator notified the Registrar of Companies, Mumbai on 16.06.2018 vide Form GNL-14 and the IBBI, New Delhi on 15.06.2018 vide Form A, about the passing of a Special Resolution to liquidate the Corporate Person. Further, the Liquidator has duly intimated the Income-tax Department on 26.06.2018 about the voluntary liquidation of the Corporate Person and the Income tax Department has issued no objection certificate dated 10.10.2019 for the voluntary liquidation of the Corporate Person. 8. The Liquidator made a public announcement on 15.06.2018, regarding the liquidation of the Corporate Person in two newspapers one in English and another in Marat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... quidator further filed audited accounts of liquidation and the statement in accordance with Regulation 38 IBBI (Voluntary Liquidation Process) Regulations, 2017. 11. The only asset of the Corporate Person was in the form of cash and bank balance. The amount were utilised for payment to the vendors of the Corporate Person and towards liquidation process and the balance amount was distributed to the Shareholders of the company i.e. Mobo Information Technologies Pte. Ltd., Singapore holding 99.999% of the total paid-up share capital of the Company. 12. The Liquidator filed final report dated 05.11.2020, stating that liquidation process has been completed by annexing Audited Accounts of liquidation. Finally, the Liquidator filed this Petition ..... X X X X Extracts X X X X X X X X Extracts X X X X
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