Allowed
In the matter of Balu Investment Services Private Limited Cp (Ib) No.1287-MB-IV-2020
Case brief
AI extract
What is this about?
The Tribunal adjudicated a petition under Section 59 of the IBC filed by a corporate person seeking voluntary liquidation. Upon finding that the company had no debts, no creditors, and all assets had been liquidated with a filed final report, the Tribunal granted the order of dissolution.
What did the court decide?
The company is directed to be dissolved from the date of this order, and the petitioner is directed to serve a copy of this order on the Registrar of Companies within fourteen days.