2021 (6) TMI 692

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....cy Code, 2016 for granting "dissolution of corporate debtor", i. e., M/s. Taksheel Solutions Ltd. 2. This Tribunal ordered initiation of corporate insolvency resolution process (CIRP) on a petition filed by the "operational creditor", viz., Varnasi Kishore against the "corporate debtor" M/s. Taksheel Solutions Ltd., an order was passed on April 8, 2019 admitting the petition under section 9 of the I and B Code by appointing a resolution professional Sri Sudhir Gonugunta who was later replaced by Smt. Manjula Sistla. 3. Subsequently, this Tribunal passed an order on October 31, 2019 in I. A. No. 837 of 2019 liquidating the company and appointed Shri Raghu Babu Gunturu, the applicant herein as liquidator. 4. Consequent to taking over charg....

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....orporate debtor-company. 7. We heard the liquidator and perused the application filed by the liquidator. He has filed necessary documents along with the application. Compliance certificate in form H is enclosed at page Nos. 62-66. The final report is filed at page Nos. 13-14. This IA is filed under regulation 45 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 praying the Adjudicating Authority to order dissolution of the corporate debtor company since liquidation process is complete. The said provision reads as under : "45. Final report prior to dissolution.-(1) When the corporate debtor is liquidated, the liquidator shall make an account of the liquidation, showing how it has been conducted and ho....