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2022 (9) TMI 1288

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....8655] through Mr. Pramod Jain, Liquidator, Registration No.- IBBI/IPA-001/IP- P00249/2017-18/10478, to initiate Voluntary Liquidation proceedings under Code. The Corporate Person is a subsidiary company of Foreign Company namely Novelis Inc., Canada. The Corporate Person was involved in the business of providing software-based services. The Corporate Person has complied with requisite formalities and procedure of liquidation as per law and has filed this Petition for its dissolution under section 59(7) of the Code. 3. The Petitioner Company was incorporated, under the provisions of Companies Act, 1956, on 08.02.2008 as a Public Company Limited by Shares with Registrar of Companies, Mumbai. The Authorized Share capital of the Company is Rs.....

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....Insolvency Professional, as liquidator, having Registration No.- IBBI/IPA-001/IP-P00249/2017-18/10478, with a remuneration of Rs. 60,000/- exclusive of out of pocket expenses, at actuals, towards Voluntary Liquidation of the company. 7. The Liquidator made a public announcement of commencement of liquidation in Form A of Schedule I as per regulation 14 of Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2016 in the Business Standard (English newspaper) and in Navshakti (Marathi newspaper) on 16.01.2018 inviting for the submission of claims due to NOVELIS (INDIA) INFOTECH LIMITED by various stakeholders which is annexed at pp.95-96 of the Company Petition. The aforesaid public announcement was submitted ....

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....ame and style of "NOVELIS (INDIA) INFOTECH LIMITED" in Voluntary Liquidation" (A/c No.- 030-455695-001) with HSBC Bank. The said Account was also closed on 30.12.2021. 13. The Liquidator has intimated the commencement of Liquidation and appointment of Liquidator to the Income Tax Authority on 30.01.2018. 14. The Liquidator has submitted his Preliminary Report dated 19.02.2018 as required under Regulation 9 of IBBI (Voluntary Liquidation Process) Regulation, 2017. 15. The copy of the Final Report of the Liquidator dated 17.02.2021 is annexed to the petition, which shows the realization and payment to the members of the Company, containing the details as required under Regulation 38 of IBBI (Voluntary Liquidation Process) Regulation, 2017.....