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Co. was to be dissolved when shareholders agreed to close down due to non-availability of business prospects

July 29, 2020[2020] 117 910 (NCLT - Ahd.)

IBC : Where directors of petitioner company proposed to close down business of company by way of voluntary liquidation due to non-availability of business prospect and no business operations and shareholders also approved voluntary liquidation of company, since liquidator had complied with all necessary requirements of section 59, company was to be dissolved

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