Ikon Real-Tech Private Ltd. initiated a voluntary liquidation process. The Board of Directors passed a resolution for voluntary liquidation on April 16, 2018, under Section 59 of the Insolvency & Bankruptcy Code. A special resolution was passed on April 25, 2018. A liquidator was appointed. The company claimed to have no debt at the time of the voluntary liquidation announcement. The liquidator received a letter from stakeholders expressing their interest in withdrawing the voluntary liquidation process. All assets of the company were kept in a fixed deposit with the bank. The liquidator had no objection to the petition for terminating the liquidation process.

Ikon Real-Tech Private Ltd. initiated a voluntary liquidation process. The Board of Directors passed a resolution for voluntary liquidation on April 16, 2018, under Section 59 of the Insolvency & Bankruptcy Code. A special resolution was passed on April 25, 2018. A liquidator was appointed. The company claimed to have no debt at the time of the voluntary liquidation announcement. The liquidator received a letter from stakeholders expressing their interest in withdrawing the voluntary liquidation process. All assets of the company were kept in a fixed deposit with the bank. The liquidator had no objection to the petition for terminating the liquidation process.