9911796707
TMI Blog2022 (1) TMI 455X X X X Extracts X X X X X X X X Extracts X X X X ..... ions") by a Corporate Person, namely Broadway Contractors and Developers Private Limited through the Insolvency Professional, namely, Mr. Rajendrakumar Indrachand Jain, for dissolution of the Corporate Person through voluntary liquidation 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 08.03.1995, CIN No. U45200MH1995PTC086186, having Registered Office at 401 Villa Velloze, Central Avenue. Opp. Mi-Casa CHSL, Santacruz (W), Mumbai-4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... equired under Section 59 (3)(c)(i) of the Code. There were 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 Section 59 does not arise. 6. The Directors, Mr. Rohit Mohan Pugalia & Mrs. Purvi Rohit Pugalia, has affirmed on affidavit, declaring the solvency of the company. Therefore, it can be said that the company is not liquidated to defraud any person. 7. The Liquidator notified the Registrar of Companies, Mumbai on 18.04.2019 vide Form MGT-14 and IBBI, on 25.06.2019 vide Form A, about the passing of a Special Resolution to liquidate the Corporate Person. Further, the Liquidator has duly intimated the Income ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Liquidation Process) Regulations, 2017. 12. There are no fixed assets in the Corporate Person. The assets of the company consist of only cash at Bank of Rs. 40,750/- and after meeting the expense for liquidation the Liquidator disbursed the available amount to the shareholders of the Corporate Person. 13. The Liquidator filed the final report dated 20.05.2021, 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 on 05.06.2021 vide Form GNL-2 and IBBI on 05.06.2021 (Compliance of Section 59(6) of Code, read with Regulation 32 and 34-38 of IBBI Regulations.) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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