TMI Blog2021 (8) TMI 948X X X X Extracts X X X X X X X X Extracts X X X X ..... r (T) For the Appellant : Omkar Deosthale, Advocate ORDER Bhaskara Pantula Mohan, Actg. President 1. This Company Petition is under Section 59 of the Insolvency and Bankruptcy Code. 2016 (the Code) filed by the Adrienne Information Suppliers Private Limited (Corporate Person), through its Liquidator Mr. Bharat Ramakant Upadhyay (Applicant), seeking dissolution. 2. It is pleaded that the Corporate Person is not carrying on any activities for more than 2 years. Accordingly, the Corporate Person has proposed for voluntarily winding up. The Liquidator has completed requisite legal formalities and procedure. 3. The Corporate Person having CIN: U74990MH2008PTC178964, is a Non-Government Company limited by shares, incorporat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pursuant to Section 59 and other applicable provisions of the Insolvency and Bankruptcy Code, 2016 ( IBC, 2016 ), read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process), Regulations. 2017 ( VLP Regulations ) made thereunder (including any statutory modification or re-enactment thereof for the time being in force), and the provisions of the Companies Act, 2013, as may be applicable, consents of the members of the Company be and is hereby accorded to liquidate the Company by way of voluntary liquidation, with effect from the date hereof. RESOLVED THAT consent of the members of the Company be and is hereby accorded that Mr. Bharat Ramakant Upadhyay, Insolvency Professional, holding registration Number IBBI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12.2017 and the Liquidator has utilised an amount of ₹ 1,20,069.55 towards liquidation expenditure and ₹ 2500/- were paid towards discharge of the Corporate Person's liability towards Income Tax. 8. The Liquidator further received No Objection Certificate (NOC) vide letter dated 25.09.2018 from the Income Tax Officer. Mumbai stating that the Income Tax Officer-6(1)(2). Mumbai does not have any objection with regard to the voluntary liquidation of the Corporate Person. The copy of the same is annexed to the Company Petition. 9. The Applicant submitted that after the adjustment of Liquidation amount and payment of Income Tax liability, surplus amount was distributed to the shareholders on 10.10.2018. The copy of the bank ..... X X X X Extracts X X X X X X X X Extracts X X X X
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