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    <description>Voluntary liquidation under section 59 of the Insolvency and Bankruptcy Code, 2016 requires compliance with the special resolution, declaration of solvency, appointment of a liquidator, public announcement, invitation and resolution of claims, operation and closure of the liquidation bank account, and filing of preliminary and final reports under the liquidation regulations. Where the record shows that these steps have been completed and the company&#039;s affairs have been fully wound up with all assets liquidated, the statutory conditions for dissolution are satisfied and the Tribunal may order dissolution of the company.</description>
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