TMI Blog2021 (7) TMI 1178X X X X Extracts X X X X X X X X Extracts X X X X ..... ivate Limited is ordered and the Applicant Company shall stand dissolved from the date of this order. Application allowed. - CA/636/2020 - - - Dated:- 20-7-2021 - R. Sucharitha, Member (J) And Anil Kumar B., Member (T) For the Appellant : Party-in-Person ORDER R. Sucharitha, Member (J) 1. This is a Company Application filed by the Liquidator in relation to the voluntary liquidation of M/s. Angalaparameswari Finance Private Limited under Section 59(7) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as IBC, 2016 ), seeking for the dissolution of the Company. 2. The Applicant Company was incorporated on 13.03.2018 under the provisions of the Companies Act, 2013. The main object of the Company is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Board of Directors viz. Mr. Deepak Raja Mohan Dass and Mr. Parthiban Mohandass, verified by an affidavit have declared that they are solvent and the said affidavit is placed at pages 57 to 62 of the typed set filed along with Application. In further compliance, the audited financial statement of previous two years viz. 2017 - 18 and 2018 - 19 was filed with the RoC and the proof of the same is placed at page 73 to 86 of the typed set filed along with the Application. 6. The Learned Liquidator submitted that as required under Section 59(3)(c) of the IBC, 2016 read with Regulation 3(c) of IBBI (Voluntary Liquidation Process) Regulations, 2017, a Special Resolution dated 02.19.2019, was passed at the meeting of the Company to liquidate it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h the Application. 9. The Learned Liquidator submitted that the upon public announcement being made as per Regulation 14(2)(b) IBBI (Voluntary Liquidation Process) Regulations, 2017, the Liquidator has received claims from six stakeholders (all shareholders) and accordingly prepared a list of stakeholders, which is placed at page 65 of the typed set filed along with the Application. 10. The Learned Liquidator submitted that as per Regulation 34 of the IBBI (Voluntary Liquidation Process) Regulations, 2017, the Liquidator opened a Bank account in the name of the Company with Bank of India, Tiruchirapalli Branch for receipt of all money due to the Corporate Person. 11. It is seen from the averments made in the Application that the to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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