https://www.taxtmi.com/caselaws?id=386890 The Adjudicating Authority allowed the voluntary liquidation petition filed by the Liquidator of a company under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company, "BHOOVAHANA TECHNOLOGIES PRIVATE LIMITED," initiated voluntary liquidation due to inactivity, with approvals from the Board of Directors and shareholders. The Liquidator completed necessary steps, including notifications to regulatory bodies, without receiving any claims. After verifying compliance, the company was dissolved, emphasizing that the order did not bar actions for prior violations. The judgment showcases meticulous adherence to legal requirements, ensuring a lawful conclusion to the liquidation process. en-us Fri, 28 Jun 2019 00:00:00 +0530 Fri, 11 Oct 2019 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386890 The Adjudicating Authority allowed the voluntary liquidation petition filed by the Liquidator of a company under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company, "BHOOVAHANA TECHNOLOGIES PRIVATE LIMITED," initiated voluntary liquidation due to inactivity, with approvals from the Board of Directors and shareholders. The Liquidator completed necessary steps, including notifications to regulatory bodies, without receiving any claims. After verifying compliance, the company was dissolved, emphasizing that the order did not bar actions for prior violations. The judgment showcases meticulous adherence to legal requirements, ensuring a lawful conclusion to the liquidation process. Case-Laws Insolvency and Bankruptcy Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386890