2022 (1) TMI 211

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....y Liquidation Process) Regulations, 2017 (IBBI Regulations) seeking dissolution of M/s. Medanta Duke Research Private Limited (herein referred to as the ("Company"). 2. The aforesaid Company was incorporated on 29.12.2010 under the provisions of Companies Act, 1956 with the objective to undertake clinical research and trials, including controlled medical studies of novel therapeutic interventions through novel pharmaceutical formulations, novel combination of pharmaceuticals, therapeutic biologics, and devices and close monitoring of the biological and health effects of interventions on each subject under controlled conditions to verify intervention and capability of future useful investigation of the biological premise, and other activi....

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.... company for the previous two years with the Registrar of Companies, NCT of Delhi, in Form GNL-2 vide SRN: R05082557 dated October 15, 2019, which was duly approved by the said Authority. f) That the company further submitted that there were no creditors in the Company as on the Liquidation Commencement Date i.e. 24.09.2019. g) That till the last date for submission of claims i.e. 24th October 2019, liquidator has stated that he has not received any claims from any stakeholders and regulatory departments. h) The Liquidator has also sent necessary intimations to all statutory authorities i.e. ROC, RBI and Income Tax Authority etc. i) That as such there are no fixed assets in the Company, therefore existing....

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....20 respectively in accordance with Section 53 of the Insolvency and Bankruptcy Code, 2016, to the extent of the amount available, in proportion to their respective shareholdings in the Corporate Person, as follows: m) The Applicant submitted that no other assets of the Corporate Person were left to be realized, the liquidator closed the bank account having account number 00038900000226 on 02.02.2021, which was being used in the liquidation process for receipt and payment of proceeds. n) In terms of Regulation 9 of the IBBI Regulations, the voluntary liquidator submitted a preliminary report to the company on 07.10.2019. o) That pursuant to Regulation 38 of the IBBI (Voluntary Liquidation Process) Regulations, 2017....