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2022 (2) TMI 13

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..... rate Person through its liquidator(Insolvency Professional) for its voluntary liquidation. 2. The aforesaid Company, Private Limited, is a OneSource India Private Limited company incorporated on 10.09.2009 under the provisions of Companies Act, 1956 having CIN: U74140HR2009PTC039460. The registered office of the Company is presently situated at OneSource Information Services 706, Tower B, Global Business Park, M.G. Road, Gurgaon - 122002, Haryana which lies within the territorial jurisdiction of this Bench. The main objects of the company are business marketing and other related business support services including studying the Indian market, identifying potential customers and acting as a communication channel for the overseas group compan .....

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..... atements of the Company as on 18.11.2019 and 24.08.2020 at attached at Annexure-B of the petition. On 19.11.2018 the shareholders of the Corporate Person passed a special resolution in the Extra Ordinary General Meeting (EOGM) to liquidate the company and to appoint Mr. Girish Singhania, Insolvency Professional as Liquidator, with a remuneration which shall be fixed by the director for performing the duties of the Liquidator of the Corporate Person as required under Section 59(3)(c)(i) of the Code. Accordingly, the liquidation of the company is deemed to have commenced on 19.11.2018. 7. The Company has been notified about the passing of a special resolution to liquidate itself to the Insolvency and Bankruptcy Board of India (IBBI) through .....

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..... sidering the submissions, verified and admitted the claim. Thereafter, during the period of Liquidation, the Liquidator based on the claims received from the Creditors settled the same. 10. It is submitted that the Auditors have audited the accounts of Liquidation of Corporate Person as stated under Regulation 38 of the Regulations and annexed the audited accounts of Liquidation as Annexure-1 of the final report. The copy of final report is attached with the main petition as Annexure-S showing the realization to the members of the Company, containing the details as required under Regulation 38 of IBBI (Voluntary Liquidation Process) Regulations, 2017 as prepared by the Liquidator has been submitted to the Registrar of Companies in Form GNL .....

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..... iquidation proceedings. The concerned RoC has also submitted in its report that as per data available and maintained, no inquiry/inspection/complaint/legal action has been proceeded/pending against the subject company. Further, it is submitted that the liquidation process of corporate person could not be completed within time period of one year as prescribed under Regulation of 37(1) of IBBI (Voluntary Liquidation Process) Regulation, 2017. 15. In view of the discussion foregoing, the applicant Company is hereby dissolved in terms of Section 59(8) of the Insolvency & Bankruptcy Code, 2016 with effect from the date of the present order. 16. The Liquidator is directed to communicate a copy of this order to the Registrar of Companies (NCT of .....

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