2022 (7) TMI 237

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....te Person, BSE Sammaan CSR Limited [CIN: U74999MH2015PLC268298] (Petitioner/Corporate Person) through Mr. Venugopal Madhav Panicker, the Liquidator, for voluntary liquidation of the Petitioner/Corporate person. Corporate history of the Petitioner/Corporate Person 3. The Petitioner/Corporate Person was incorporated on 10.09.2015 under the Companies Act, 2013, as a public company with the Registrar of Companies, Maharashtra, Mumbai. The Registered office of the Petitioner/Corporate Person is situated at 25th Floor, P J Towers, Dalal Street, Fort, Mumbai- 400001. Therefore, this Bench has jurisdiction to deal with the present petition. 4. The main objects for which the Petitioner/Corporate Person was incorporated are inter alia to car....

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....tary Winding up prescribed under the provisions of section 59 of the Insolvency and Bankruptcy Code, 2016 read with regulation 31 of Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. The BoD of the Petitioner/Corporate Person, at its meeting held on 10.06.2021, resolved to liquidate the Petitioner/ Corporate Person voluntarily under section 59 of the Code and appointed Mr. Venugopal Madhavan Panicker, an Insolvency Professional having registration no. IBBI/IPA-001/IP-P01162/2018- 2019/11915 as the Liquidator of the Company. Procedural compliances 7. The Directors of the Petitioner/Corporate Person have as per section 59(3)(a) of the Code have signed the Declaration of Solvency. The Directors h....

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....dia (IBBI) and was published on IBBI website on 14.06.2021. 10. The Petitioner/Corporate Person has submitted the resolution for the commencement of liquidation, public announcement, the appointment of a liquidator and the audited financial statements of the Corporate Person for the financial year of 2019-2020 and 2020-2021 and record of the statement of affairs of the Applicant Company for the period of 01.04.2021 to 31.05.2021 to the Registrar of Companies, Maharashtra, Mumbai, on 11.06.2021 in Form MGT-14 and Form GNL-2. 11. The Petitioner/Corporate Person on 29.06.2021 notified the commencement of voluntary liquidation and appointment of Liquidator to the Income Tax Department in terms of Section 178 of the Income Tax Act, 1961. T....

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.... 4. Realisation of uncalled/unpaid capital contribution NIL 5. Distribution of unsold asset NIL 6. Any other NIL   Total Rs.22,06,886/-   Sr. No. Stakeholders under section 52 and section 53(1) Amount claimed Amount admitted Amount distributed Amount distributed to the Amount claimed 1. Realization of security interest NIL NIL NIL NIL 2. Liquidation Cost Rs.2,26,014 Rs.2,26,014 Rs.2,26,014 100% 3. Workmen's Dues NIL NIL NIL NIL 4. Debts of secured creditors NIL NIL NIL NIL 5. Wages and Unpaid Dues  to employees NIL NIL NIL NIL 6. Debts of unsecured Financial Creditors NIL ....