TMI Blog2021 (2) TMI 1260X X X X Extracts X X X X X X X X Extracts X X X X ..... For the Appellant : Mohtashim Kibriya and Sanyam Goel, Advocates ORDER Bachu Venkat Balaram Das, Member (J) 1. This is an application filed by Prognosys E Consulting India Private Limited through liquidator, Mr. Munish Kumar Sharma, to initiate voluntary liquidation proceedings under section 59 of Insolvency and Bankruptcy Code, 2016 (IBC), inter-alia seeking following prayers: i. Pass an Order U/s. 59(8) of the Insolvency and Bankruptcy Code dissolving of the Company namely Prognosys E Consulting Private Limited; ii. Pass an order allowing destruction of old records of the Company except liquidation records; and iii. Pass such other and further order as this Hon'ble Tribunal may deem just and proper, in th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Liquidation. The publication was also duly notified to the IBBI for publication on the website of IBBI. That pursuant to Public Announcement, no claim of any creditor was received by the Liquidator. 6. The Liquidator prepared a Preliminary Report dated 14.11.2019 under Regulation 9 of the Regulations for the shareholders of the Company within the stipulated 45 days from the date of commencement of Liquidation Process. 7. The Liquidator closed the previous Bank Account of the Company maintained at Canara Bank, Daryaganj, New Delhi and opened a new Bank Account (Liquidation Account) in the name of Prognosys E Consulting Pvt. Ltd. with Canara Bank. Sahibabad Industrial Area, Ghaziabad, U.P. It is submitted that there are four sharehol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r, the Company deserves to be dissolved. Accordingly, we direct that the company shall stand dissolved from the date of this order. 13. The liquidator shall preserve a physical or an electronic copy of the reports, registers and books of account referred to in regulations 8 and 10 of IBBI (Voluntary Liquidation Process) Regulations, 2017 for at least eight years from the date of this order, either with himself or with an information utility. 14. The Registry is hereby directed to serve a copy of this order upon the Registrar of Companies, with which the company is registered, immediately, however not more than fourteen days from the date of this order. The Registrar shall take necessary action upon receipt of a copy of this order. - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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