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TMI Blog2021 (10) TMI 817X X X X Extracts X X X X X X X X Extracts X X X X ..... cordingly 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 is a Public Limited Company and Government Company and was incorporated under the provisions of Companies Act, 1956 on 22.05.1979 with the, the Authorized Share Capital of the Company is Rs. 15,00,000/- divided into 1,50,000 equity shares of Rs. 10/- each. The issued, subscribed and paid-up share capital of the Company is Rs. 10,00,000/- consisting of 1,00,000 equity shares of Rs. 10/-. The Corporate Identific ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Statement for the latest two Financial Years ending on 31.03.2019 and 31.03.2020 and provisional balance sheet till 25.11.2020 as provided under Section 59(3)(b)(i) of the Code. 6. On 06.07.2020 the members of the Corporate Person passed a Special Resolution in the Extra-Ordinary General Meeting to liquidate the Company and to appoint Mr. Anand Daga, as the Liquidator, on such remuneration and out of pocket expenses as mentioned in letter issued by Industries, Energy, Labour Department of Government of Maharashtra dated 12.03.2020. 7. The Corporate Person has no Creditors in the company. Hence the requirement of the Special Resolution being approved by creditors having 2/3rd value of shares as required under proviso to sub-section (3) of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... accordance with Regulation 38 IBBI (Voluntary Liquidation Process) Regulations, 2017. 12. There are no assets in the Corporate Person, which is shown in the bank statement of the Corporate Person. 13. The Liquidator filed final report dated 12.12.2020, stating that liquidation process has been completed by annexing Audited Accounts of liquidation. Finally, the Liquidator filed this Petition alongwith final report and sent a copy of the final report to the Registrar of Companies, Mumbai vide Form GNL-2 and IBBI (Compliance of Section 59(6) of Code, read with Regulation 32 and 34-38 of IBBI Regulations.) 14. On the Petition filed by the Liquidator under sub-section 7 of Section 59 of the Code for dissolution of this Corporate Person, we h ..... X X X X Extracts X X X X X X X X Extracts X X X X
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