2021 (9) TMI 1245

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....solution of M/s. BSM India Private Limited (herein referred to as the ("Company"). 2. The aforesaid Company is a private limited company incorporated on 29.05.2013 under the provisions of Companies Act, 1956 having CIN No. U74140DL2013FTC253008. The registered office of the Company is presently situated at BSM India Private Limited, 503, Chiranjiv Tower, 43, Nehru Place, New Delhi-110019 which is within the territorial jurisdiction of this Tribunal. The object of the Company is to act as management consultants, managers, managing directors, directors, financial controllers, consultants, supervisors and agents of other companies or undertakings. 3. The following statements have been made in the petition:- a. In a meeting of th....

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....e previous two years was filed with the Registrar of Companies, New Delhi in form GNL-2 vide SRN R33805573 dated 24.02.2020. e. That the commencement of liquidation and appointment of Liquidator was submitted to the Registrar of Companies, New Delhi in form MGT-14 and form GNL-2 vide SRN R33806316 on 24.02.2020. f. That the Income Tax Department was intimated on 26.02.2020 regarding initiation of Voluntary Liquidation of the Company and seeking its No-Objection Certificate. That a No-Objection Certificate dated 03.12.2020 was received from the Income Tax Department. g. That as required under the regulations and as per the ICICI Bank rules, the Liquidator completed the process of changing the name of the existing B....

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....closed the Liquidation Account. o. That it is submitted that there was a delay in distribution of assets among stakeholders on account of delays caused by the Covid-19 Pandemic and obtaining NOC from various departments and such acts were beyond the control of the Liquidator. That in relation to the above, the Hon'ble Supreme Court vide its order dated 23rd March, 2020 in 'Re: Cognizance for Extension of Limitation', took Suo Motu cognizance of the situation arising out of the challenge faced by the country on account of Covid-19 Pandemic and held that "a period of limitation in all such proceedings, irrespective of the limitation prescribed under the general law or Specified Laws whether condonable or not shall stand w....