Whether the Corporate Debtor can be dissolved without going through the process of liquidation? – Raghu Babu Gunturu, RP, Smartron India Pvt. Ltd. Vs. Registrar of Companies (RoC) – NCLT Hyderabad Bench
November 20, 2024
The Hon’ble NCLT Hyderabad Bench held that since there are no assets for realization, the provisions of the Code deemed to have been completed under Chapter III and part II of the Code. The instant application is filed in accordance with the law and the Resolution in question to dissolve the Corporate Debtor was approved by the CoC. This is fit case for dissolving the Corporate Debtor company and allowing the Application filed by the RP praying the same.