Jumoworld India Pvt Ltd successfully dissolved after voluntary liquidation process completed

The petition for voluntary liquidation of M/s. Jumoworld India Private Limited was allowed, and the company was dissolved. The order for dissolution was filed with the Registrar of Companies (ROC) after ensuring compliance with relevant provisions of the Insolvency and Bankruptcy Code, 2016. The company's assets were distributed, necessary reports were submitted, and no claims from stakeholders were received. Compliance confirmation was provided by the ROC, and the dissolution was effective immediately.

---

---

Issues: Voluntary liquidation of M/s. Jumoworld India Private Limited

1. Background and Company Information:
The application was filed under section 59 of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of M/s. Jumoworld India Private Limited. The company was incorporated under the Companies Act, 2013, on 15.05.2019, with a Corporate Identification number U74999DL2019FTC350092. The registered office is in New Delhi.

2. Decision to Voluntarily Liquidate:
The company suspended trading operations due to bleak business prospects, leading the Board of Directors to unanimously decide on voluntary liquidation on 08.02.2021. An Extraordinary General Meeting was held on 12.02.2021 to approve the decision after a thorough inquiry into the company's affairs.

3. Appointment of Voluntary Liquidator:
A special resolution passed on 12.02.2021 appointed Mr. Vikram Kumar, an Insolvency Professional, as the Voluntary Liquidator. The liquidator complied with the Income Tax Act, 1961, by informing the tax authorities and published notifications in newspapers as per IBBI Regulations.

4. Compliance and Reports:
The liquidator opened a bank account for the company, closed it after asset distribution, and filed necessary documents with the Registrar of Companies (ROC). Reports were submitted as required by IBBI Regulations, including a preliminary report and a final report to the ROC.

5. Dissolution and Compliance Confirmation:
After ensuring all compliances and receiving no claims from stakeholders, the company was dissolved as per the order. The ROC filed a status report with no objections, confirming compliance with relevant provisions of the Insolvency and Bankruptcy Code, 2016. The order for dissolution was effective immediately.

6. Conclusion:
The petition for voluntary liquidation was allowed, and the company was dissolved. The order was to be filed with the ROC within the statutory period. The file was to be archived for records.

---