https://www.taxtmi.com/caselaws?id=424377 Voluntary liquidation under the insolvency framework was found compliant where the directors' solvency declaration, members' special resolution, public notice, intimation to the Registrar and the Board, preliminary and final reports, and completion of asset realisation and distribution were all established. With no creditor claims received and no adverse material found, the outstanding income tax demand did not prevent dissolution, which could be ordered subject to that liability. The Tribunal therefore treated the statutory requirements as satisfied and directed the corporate person to stand dissolved. en-us Mon, 27 Jun 2022 00:00:00 +0530 Tue, 28 Jun 2022 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424377 Voluntary liquidation under the insolvency framework was found compliant where the directors' solvency declaration, members' special resolution, public notice, intimation to the Registrar and the Board, preliminary and final reports, and completion of asset realisation and distribution were all established. With no creditor claims received and no adverse material found, the outstanding income tax demand did not prevent dissolution, which could be ordered subject to that liability. The Tribunal therefore treated the statutory requirements as satisfied and directed the corporate person to stand dissolved. Case-Laws Insolvency and Bankruptcy Mon, 27 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424377