2020 (2) TMI 1120

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.... ORDER K.K. Vohra. 1. Under Adjudication is IB-929/ND/2019, that has been filed by the Liquidator under Section 59(7) of the Insolvency and Bankruptcy Code (in short, 'I&B Code, 2016'). The prayer made is to order Dissolution of the Company viz., Yosun India Private Limited (hereinafter referred to as 'the Company'). 2. Heard the liquidator and perused the application incl....

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.... have passed a Resolution for Voluntary Liquidation of the Company as follows:- RESOLVED THAT pursuant to section 59 of the Insolvency and Bankruptcy Code, 2016 read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (hereinafter referred to as the "VLP Regulations"), applicable provisions of the Companies Act, 2013, Memorandum and Articles....

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....3.04.2018 and the Liquidator made public announcement of the Liquidation of the Company in Form A on 27.04.2018, one in English Newspaper and another in vernacular seeking submission of claim by stakeholders as mandated under Section 59(5) of the I&B Code, 2016. The said public announcement was sent to the IBBI to place it on its website. 8. It is stated that as required under the Regulations, ....

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.... as per the report of the income tax department dated 18.07.2019. Further the RoC has furnished a no objection report on 17.09.2019. 10. It is stated that the Liquidator has placed on record the Final Report showing realization and payment to the stakeholders, containing details as required under Regulation 38 of IBBI (Voluntary Liquidation Process) Regulations 2017. Besides that, copy of the F....