2020 (7) TMI 778

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mpany"). 2. The aforesaid Company, Satish Finance Private Limited, is a private limited company incorporated on 05.08.1994 under the provisions of Companies Act, 1956 having Corporate Identification number U65921HR1994PTC034938. The main object of the company was to assist in financing of all and every kind description of hire purchase or deferred payment or similar transaction and to assist in subsiding or financing the sales, purchase, import, export and maintenance of good, articles or commodities. 3. The registered office of the Company is presently situated at 8A Indraprastha, Sonipat Road, Rohtak, Haryana which lies within the territorial jurisdiction of this Bench. 4. The following averments have been made in the petition:- a. I....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... e. The voluntary liquidator has given the required intimation under Section 178 of the Income Tax Act, 1961 to the Income Tax Authorities on 13.01.2017 (Annexure-11). In this regard, the Company had not received any response nor any demand was raised by the Income Tax Department. f. The Audited Balance Sheet and the Profit and Loss Account as on 31.03.2017 along with the Auditor's Report have been filed as Annexure-2 of the petition. g. The company owes an amount of Rs. 1,80,000/- as on 26.08.2017 to the following:- Name of the Creditor Details of security Held , if any Amount (In Lakhs) Nagr Goel & Chawla NA 1.65 Rachit Malhotra NA 0.15 It is submitted that concerned creditors have issued a letter of consent to the bo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....18. 5. When the matter was heard on 05.10.2018, this Bench had directed that notices be issued to the RoC and the IBBI. The IBBI has submitted on 30.11.2018 during the course of hearing that it has no objection to the prayer made by the Petitioner Company. The RoC has also filed its report vide Diary No. 61 dated 15.04.2019 wherein it has not objected to the dissolution of the Company. 6. The voluntary liquidator has submitted confirming that neither he, nor the Company, has received any objection with regard to the present liquidation proceedings of the company from any authority whatsoever. 7. It is further deposed that necessary compliances of Section 59 and other relevant provisions of the Insolvency and Bankruptcy Code, 2016 read wi....