The present case was filed under Section 54 of the Insolvency & Bankruptcy Code. The liquidator, Premraj Ramratan Laddha, stated that all assets of Dev Cotex Pvt. Ltd. had been liquidated, and no further assets remained. A remaining balance of Rs. 4,55,446/- existed in the company's account with the State Bank of India as of 10.05.2019. The Adjudicating Authority had previously directed the liquidator to complete the liquidation process. The liquidator reported that the entire balance had been disbursed to eligible financial creditors. The Monetary Committee confirmed that the liquidator could proceed with the application for dissolution. The liquidator sought dissolution of the Corporate Debtor.

The present case was filed under Section 54 of the Insolvency & Bankruptcy Code. The liquidator, Premraj Ramratan Laddha, stated that all assets of Dev Cotex Pvt. Ltd. had been liquidated, and no further assets remained. A remaining balance of Rs. 4,55,446/- existed in the company's account with the State Bank of India as of 10.05.2019. The Adjudicating Authority had previously directed the liquidator to complete the liquidation process. The liquidator reported that the entire balance had been disbursed to eligible financial creditors. The Monetary Committee confirmed that the liquidator could proceed with the application for dissolution. The liquidator sought dissolution of the Corporate Debtor.