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In the matter of Agni Alpha Global Private Limited

National Company Law Tribunal5 May 2025

Ratio decidendi

The rule this decision rests on

The Tribunal may dissolve a corporate person under Section 59(8) of the Insolvency and Bankruptcy Code, 2016 where, on the material placed before it, the affairs of the company have been wound up, its assets have been completely liquidated, and the Liquidator's final report, the Registered Valuer's report, and the no-objection of the Registrar of Companies and the Income Tax Department have been received, such that the corporate person is found to deserve dissolution.

Written by Miss Lucy from the judgment below, not taken from a headnote.

Judgment

As delivered

copy#-/d'IN THE NATIONAL COMPANY LAW TRIBUNALAHMEDABAD.2COURTITEM No.301c.P.(rBy6(AHM)202sProceedinqs under Section 59 IBCIN THE MATTER OF:Agni Alpha Global Private Limited ........Applicant........ReapondentOrder delivere on: 05/05/2025Coram:Mrs. Chitra Hankare, Hon'ble Member(J)Dr. Velamur G Venkata Chalapathy, Hon'ble Member(T)ORDERThe case is fixed for pronouncement of order.The order is pronounced in open court, vide separate s<Dl"sD/-A CHALAPATHYMEMBER cAL) MEMBER!:ECH {JUD|CtAL)I \I A 7III_)(Pl1l/6(AHMJl2024

BEFORE THE NATIONAL COMPANY LAIU TRIBUNAL AIIMEDABAD BENCH COURT NO. II cP (rB)/6(AttMl/2c/24 und(:r Section se(7) of the Insolvency and ankruptcy 2016 with the Regulation 38 of the Insolvcncy and l 1 3 3 ankruptcy Code, of India (V tary Liquidation Ltoarct Proccss) llegulations ,20t7ll

Agni Alp Gklbal private Limited (Under untrrry Liquidation Through Jiten dra Gordhanda ) s Unadkat Liquirlator Having i rcgl s tcred officc at: I 105, Plus. Opp. GS Gas Near Rqj a Telcphone Bxchange, ot arat "360005 ....Cor1>orate person

Order Pronounced on: Olc/tXSl2O21o

CORAM MRS. HANKARE HON'BLE (JUDrcrALl DR. V.G. VENKATA CHALAPATHY HON'BLE MEMBER (TECHNTCALI

Appearance: For the App t Mr. Raimcen Maradiya, pCS

1lPa8e cP(rB)/6(AHM)/2024

JUDGMENT The present Application has been filed by Mr. 1 Jitendra Gordhandas Unadkat, Liquidator nf Agni Alpha Global Private Limited under Section 59(7) of thc Insolvcncy & Barrkruptcy Code, 2016 ("IBC" or "thc Code") rlw Insolvency and Bankruptcy Board of India (Voiuntary Liquidation Process) liegulations, 2017, ("Voluntary Liquidation Regulations") see kin dissolution of the Company. The Applicant Company was incorporated on 2 16.09.2021 with CIN: U67l9OGJ2O2|PTC l 25665 having registered office at 1105, Alfa Plus, Opp. GSPC Gas, Near Rajya Telephone Exchange, Rajkot, Cujarat under the provisions of the Companies Act, 2A13 with the Registrar of Companics, Oujarat. The main objects of the i company are mcntioned in the Memorandurn of Association. Thc Authorized Sharc capital ol the Company is Rs. l5,OO,00,OOO/- and paid up share capital of thc Company is Rs. 96,574,O5O1- 3 The Corporate Person is not carrying any business 2lPage cP l'l)/6(AHM)/2024 from the prcceding last one year and noL having any profit. On thc basis of business operatl(,ns records, annued returns and the Board of Dircctors have made declaration of solvency.

In the mcct.ing hcld on Sth April, 2023, thc Board of Dircctorti passed a solution to liquidator thc Company. Tht: Copv of the re GNL 2 has already been filed u'ith thc Registrar of Companies, Gujarat (SRN:AA28378 i 2 ) 4 The Members of Company in their Ext.t'a Ordinary General Meeting held on 25.04.2024\ passed a Resoh:tion to liquidatc the Company volr.tntarilS' and confirmcd thc appointment of Liquidator Mr. .Jitendra nadakat and thc same is also submittccl to Registrar Companics, Gujarat in F'orm MCT-l zt vide SRN: 33317. 5 e Liquidator madc a public announcement of c()mmcnccmcnt of liquidation in Iform -A as Rcgulation 14 of lnsolvcncy and ptcy Board of India (VoluntarSr quidation Process) Regulations, 2017 in glish languagc "Indian Express;" and in Gujarati language "Sa.rj Samacl-rzrr" dated 8.O4.2023. Th Public arnounccmerrt was also 3lPage cp(rB)/6 AHM)/2024 submitLe d to the IRRI. The last d ate for submission claim was 25.05.2023. The Liquidator opencd a bank account in HDFC 6 Bank bearing account no. 592297276O4444 in the narne of " Agni Alpha Global Private Limited in Voluntary liqr-ridati.on" ' The same accounl has been closed on 08.08.2024 and closure rt:ificate has treen issued by rhe concerned bank' As per provisions of Section 178 of the Income 7 Tax Act, 196 1 thc liquidator has sent intimation of the volurrtar-y liquidation of the Corporate person, In terms ol Regulation 30 of the IBBI (Voluntary 8 Liquidation) I{egulations, 2017, the Liquidator ? pre pareci a list of stakcholdcrs dare d 27 'O5 2{J23 ' dl The Liquidator had distribured the assets and liabilities of the Corporate Person. ln terms of Regulation 9 of Insolvency and 9 Bankruptcy Board of India (VoIuntary Liquidation Process) Regulations, 2017, Liquidator has submittcd its prelimina4r report on 03"05.2023.

4lPaee cP, lB)/6(AHM)/2024 lO. The Liquidator has submitted a final report dated 14.08.2024 under Rcgulation 38 of thc Regulation, owing receipt and paymcnt pertaining to liquidation an d other details required under such regulations. e sarne has bccn submilted to iegistrar of Compilnies. Cujarat in c'form GNi--2 vidc SRN AA 9843172 and IBIll. Form-H as required under Regulation 3B(3) of thc IBBI (Voluntary l,iquidation Process) Regulation, 2O17 has been fil,:d. 11. Registt:red Valuer CS Abhishek Chhajcd prepared a Valual ion report datcd 26.A4.2O23 and lirluidator has submitred thc samc before this Triburral, IZ In response lo order ol this 'l'ribunal, 1.hr: ROC and Income Tax Dcparlmcnt filed their rcport and during the hearing on 04.O4.2Q25 both have sutrrnitted their noobjcction in the matter.

13. Heard both the sides. After perusing the clocuments annexed to the Application, it appezrrs that the zr-ffairsr o[ thc Company havc bcen r:ompletcly wounti up and the a.ssets of the Applicant Company travc becn completely liquidaied and as such thc Applicant Company descr-vcs to be dissolved. Acc ln exercise r:f the powers 5lPage cP(rBll M)/2024 conferred Ltnder Section 59(8) of tt3c, 2 16, we hereby pass follo'"r,ing order :

OR ER i. M/s. Agni Alpha Global Private Limited de CIN i No. U67r9OG.r2021mC125665 the A plicant Company shal.l stand dissolved lrom date of this order. it. The Liquidator is directed t<i file this er with the conccrned Registrar of Companies, Incom e 'fax Dcpartmcnt and IRRI within l4 days from the date of receipt of an auth.entic co this order, for informati.on and necessary acti Itii. The Liquidator is also directed to lile this ordcr a*-r with all other Statutorv Authorities co ted ?-with the aflairs of thc Company. lv. The Liquidator shall prcserve a physi or an electronic copy ol thc reports, registers and books of accounl rcfcrred to in Regulations 8 arrd 10 of ItsBI Regulations for at le eight years after the dissolution of the C rate Person, either with himself or an information utility. 6lPage cP(lll)/5(AHM )/2024 v. Accordingly, CP(IB) 6(A1i.MI/2A24 is srllowed and stand disposcd of. :;b) - s o/^ v.G. vENKI\rd cnelepefirv CHIl:RA MEMBER(JUDICIALI MEMBEBITECHNICAL)

Prcparcd by k- Geililied to te 0ilginal Stnatur€ Depuly r tH tqlo tlCLT, Ahmodabad Bsnch Ahmodabad

7lPaBe

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