TMI Blog2022 (1) TMI 455X X X X Extracts X X X X X X X X Extracts X X X X ..... r with concerned Registrar of Companies and IBBI within 14 days thereof. (Compliance of Section 59 (7-9) of the Code). Petition allowed. - Company Petition (IB) No. 965/MB/2021 - - - Dated:- 22-12-2021 - Suchitra Kanuparthi, Member (J) And Anuradha Sanjay Bhatia, Member (T) For the Appellant : Rajendrakumar Indarchand Jain, CA ORDER Anuradha Sanjay Bhatia, Member (T) 1. This is a Company Petition filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016 (hereinafter called Code ) read with Regulation 38(3) of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations. 2017 ( IBBI Regulations ) by a Corporate Person, namely Broadway Contractors and Developers Private Limited ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GNL-2 with Registrar of Companies, Mumbai on 18.04.2019 as required under Section 59(3)(a) of the Code. 4. The Applicant enclosed the Audited Financial Statement for the latest two Financial Years 2017-18 and 2018-19 as provided under Section 59(3)(b)(i) of the Code. 5. On 12.04.2019 the members of the Corporate Person passed a Special Resolution in the Extra-Ordinary General Meeting to liquidate the Company and to appoint Mr. Rajendrakumar Indarchand Jain, as the Liquidator, with a remuneration of ₹ 2,00,000/- plus GST as applicable in the process of voluntary liquidation of the company for performing the job of liquidation of the Corporate Person as required under Section 59 (3)(c)(i) of the Code. There were no creditors in th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The bank account has been closed on 25.03.2021. A copy of a certificate from the Central Bank of India which states that the account has been closed on 25.03.2021 is annexed to the Petition. 10. The Liquidator submitted preliminary report on 22.05.2019, which stated details of the Capital Structure of the company, shareholding and estimated statement of Assets Liabilities, the statement confirmed that the Cash at Bank of ₹ 40,750/-, Other Assets of ₹ 9,72,50,000/- 11. There were no liabilities except Unsecured Loan of ₹ 1,00,40,000/-. The Liquidator further filed audited accounts of liquidation and the statement in accordance with Regulation 38 IBBI (Voluntary Liquidation Process) Regulations, 2017. 12. There ..... X X X X Extracts X X X X X X X X Extracts X X X X
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