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TMI Blog2022 (2) TMI 15X X X X Extracts X X X X X X X X Extracts X X X X ..... LTD (In Voluntary Liquidation) may Kindly be ordered to be dissolved; (b) To pass such order or further (orders) with this Hon'ble Tribunal may deem fit, proper and just under the circumstances of the case. 2. The Applicant Company was incorporated on 11.02.1972 under the provisions of the Companies Act, 1956. The main object of the Company "is to carry on the business Engineers, marine, Automobile, Salvage and other classes of Engineers architects, Designers, Planners, Builders and Contractors and consulting Engineers and to undertake and execute constructional and engineering and allied contracts and works of all kinds and also carry on business of iron and brass founders, tools metal workers, Iron and steel convertors, smiths, wo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ttached as Annexure C in the Application typeset. Further, the Ld. Counsel submitted that as required under Section 59(3)(c) of the IBC, 2016 read with Regulation 3(c) of IBBI (Voluntary Liquidation Process) Regulations, 2017, a Special Resolution dated 04.04.2019, was passed at the meeting of the Company to liquidate itself and to appoint the Liquidator, which is placed as Annexure D of the typed set filed along with the Application. Further, the same was notified to the RoC and IBBI within 7 days, as per Section 59(4) of IBC, 2016. 7. It is averred in para 7 of the Application that there is no creditors of the company as on date of the Liquidation i.e. 04.04.2019 and the same can be seen from the Final Report of the Liquidator placed as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uncements made in the newspaper was duly submitted to the ROC, NCT Delhi and Haryana as Form MGT-14 vide SRN: H50271857 and Form GNL- 2 Vide SRN: H50272012 and the same is attached as Annexure- F in the Application typeset. 12. That in compliance to Regulation 34 of the IBBI (Voluntary Liquidation Process) Regulations, 2017, the Liquidator decided to change the name of the Current Account No: 1130642 of the Applicant Company Account with RBL Bank, Gurugram- 122001, Haryana to "UTTAM SINGH DUGAL & SONS (CONSTRUCTION) PRIVATE LIMITED. (In Voluntary Liquidation) " for realization and payment to members. 13. It is averred in the Application that, as on the date of deceleration of insolvency i.e. 04.04.2019, the Applicant Company had NIL asset ..... X X X X Extracts X X X X X X X X Extracts X X X X
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