The Tribunal approved the dissolution of the Corporate Debtor under Section 54 of the IBC. Ordered based on the Liquidator's report confirming zero assets and completed liquidation formalities.
The Company is declared Dissolved and the file directed to be consigned to records.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
NATIONAL COMPANY LAW TRIBUNAL COURT ROOM NO. 1,
MUMBAI BENCH
Item No. 45
C.P. (IB)/780(MB)2023
CORAM:
SH. PRABHAT KUMAR JUSTICE VIRENDRASINGH BISHT (Retd.)
HON'BLE MEMBER (TECHNICAL) HON'BLE MEMBER (JUDICIAL)
ORDER SHEET OF THE HEARING ON 19.10.2023
NAME OF THE PARTIES: MR. BHARAT RAMAKANT UPADHYAY
Section 59 of the Insolvency & Bankruptcy Code, 2016
ORDER
LAWT
C.P. (IB)780(MB)2023
2
C.P. (IBy780(MP J2023
Sd/
PRABHAT KUMAR
MEMBER (TECHNICAL)
Sd/
JUSTICE VIRENDRASINGH BISHT MEMBER (JUDICIAL)
Sapna
Certified True Copy Copy Issued"iree of cost" On 29lu2023
vRegistrar IAo)
NationaiCoapaoyLawribunal Mumbai Bench
3
2 issues framed by the court
Whether the corporate debtor is eligible for dissolution under Section 54 of the Insolvency and Bankruptcy Code, 2016 given the absence of assets.
Whether the liquidation process and reporting complied with statutory requirements.
2 provisions across 1 enactments
MR. BHARAT RAMAKANT UPADHYAY
Chartered Institute of Insurance and Financial Services Private Limited
PRABHAT KUMAR
JUSTICE VIRENDRASINGH BISHT
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
