# In the matter of Micro Metacut Private Limited

> NCLT judgment dated 2025-06-30. Citation: TCN-2025-NCLT-00853. The case pertains to the voluntary liquidation of M/s. Micro Metacut Private Limited under…

- **Court:** NCLT
- **Order date:** 30 Jun 2025
- **Citation:** TCN-2025-NCLT-00853
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-bengaluru/micro-metacut-private-limited-a553f793

## Summary

### Background

The case pertains to the voluntary liquidation of M/s. Micro Metacut Private Limited under Section 59 of the Insolvency and Bankruptcy Code, 2016.

## Facts

The Applicant Company was incorporated on 25.11.1978 in Bengaluru, Karnataka under the provisions of the Companies Act, 1956.

The Board of Directors of the Applicant decided to voluntarily liquidate the Applicant and executed a Declaration of Solvency on 03.06.2022 as required under Section 59 (3) of the IBC, 2016.

A Special Resolution to liquidate the Company voluntarily was passed on 25.06.2022, and Shri Shivaswamy. S was appointed as Liquidator.

The Liquidator made a Public Announcement of commencement of liquidation in Form A, in ‘Financial Express’ and ‘Vartha Bharti’ on 27.06.2022.

The Company had no Financial Creditors as of the commencement date of liquidation.

All the charges registered in favour of Canara Bank were satisfied on 22.06.2022.

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## Issues and analysis

### Issue 1: Whether the affairs of the Applicant have been completely wound up and its assets have been …

**Ratio:** Based on the examination of submissions and documents, the tribunal found that the

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**Reasoning:** The tribunal relied on the submissions and documents filed with the Application to

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**Interpretation:** The tribunal interpreted the evidence to mean that all assets were liquidated

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**Application:** The tribunal applied this finding to the overall assessment of whether the

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## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Respondents:** Micro Metacut…
- **Other parties:** Shivaswa…
- **Advocates:** Anup Seetha…

## Timeline

- **25.11.1978 — Incorpor…**: The Applicant Company…
- **25.06.2022 — Board Me…**: Board of Directors decided to…

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