TaxTMI 
TaxTMI 
2022 (2) TMI 904
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....orate Person through its liquidator (Insolvency Professional) for its voluntary liquidation. 2. The aforesaid Company, Private Limited, is a Grewal Estate Private Limited company incorporated on 01.11.1976 under the provisions of Companies Act, 1956 having CIN: U99999CH1976PTC032844. The registered office of the Company is presently situated at House No. 203, Sector-36A, Chandigarh-160036 which lies within the territorial jurisdiction of this Bench. The main objects of the company are to acquire by purchase, lease, exchange or otherwise and to sell, transfer, alter, assign, dispose or deal in land, building, and hereditaments of any tenure on description and estate or interest therein and to manage land buildings and other property and to ....
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....rked as Annexure-4. 6. The corporate person has enclosed true copies of comparative statements of liquidation as on (sic)0.02.2019, 31.03.2019, 05.07.2019, 08.08.2019 and 30.11.2019 and 31.01.2020 and as well the Balance Sheets as at 31.03.2017, 31.03.2018, 31.03.2019 and last as on 31.01.2020 along with the Income Tax Returns for the Assessment year 2018-2019 and 2019-2020 are attached at Annexure-13 of the petition. On 18.02.2019 the shareholders of the Corporate Person passed a special resolution in the Extra Ordinary General Meeting (EOGM) to liquidate the company and to appoint Mr. Mast Ram, Insolvency Professional as Liquidator, with a remuneration which shall be fixed by the director for performing the duties of the Liquidator of th....
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....ic Announcement was simultaneously submitted to the Insolvency and Bankruptcy Board of India (IBBI) to place the same on its website. 9. It has been submitted that the Liquidator prepared the list of stakeholders on the basis of claims received from the creditors first such list was prepared as on 31.03.2019 and then as on 10.05.2019 when one of operational creditor lodged its claim. Thereafter again, the liquidator prepared the list of stakeholders as on 05.07.2019 when the liability of one of the creditors i.e. Sukh Samridhi Infra was appointed and taken over by Mrs. Amarjit Kaur Dhaliwal, Mrs. Narinder Kaur Thind and Mrs. Gurpreet Kaur Gill in terms of the resolution passed by the stakeholders at their meeting held on 05.07.2019. Again,....
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....yments pertaining to the liquidation since the liquidation commencement date. Accordingly, the liquidator prepared the Final Report as on 25.02.2020 and submitted the same to the Registrar of Companies, Punjab and Chandigarh and also to the Insolvency and Bankruptcy Board of India (IBBI). A copy of Final Report along with the e-Form GNL-2 and acknowledgment regarding its service is attached in the main petition and marked as Annexure-16. 14. We have heard the counsel appearing for the Liquidator for the Corporate Person and perused the records and extend provisions of the Code and Rules/Regulations made thereunder. 15. In the present case, it may be seen from the records the main intention for the company to wind up its services is that c....