https://www.taxtmi.com/caselaws?id=421444 The court approved the voluntary liquidation process of a company under the Insolvency and Bankruptcy Code, 2016. The company, operating in the oil business, lacked significant business operations, leading to the decision for voluntary liquidation. The necessary steps were taken, including appointing a liquidator, meeting compliance requirements, distributing assets to stakeholders, and submitting final reports. The Registrar of Companies confirmed solvency, and no objections were raised. With all necessary compliances completed, the company was dissolved to the satisfaction of the voluntary liquidator, concluding the process successfully. en-us Tue, 12 Apr 2022 00:00:00 +0530 Mon, 25 Apr 2022 08:18:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421444 The court approved the voluntary liquidation process of a company under the Insolvency and Bankruptcy Code, 2016. The company, operating in the oil business, lacked significant business operations, leading to the decision for voluntary liquidation. The necessary steps were taken, including appointing a liquidator, meeting compliance requirements, distributing assets to stakeholders, and submitting final reports. The Registrar of Companies confirmed solvency, and no objections were raised. With all necessary compliances completed, the company was dissolved to the satisfaction of the voluntary liquidator, concluding the process successfully. Case-Laws Insolvency and Bankruptcy Tue, 12 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421444