J.B. India Private Limited, incorporated on 16.04.1999, initiated voluntary liquidation under Section 59(7) of the IBC. The company's registered office was in Raipur, Chhattisgarh. The Board of Directors resolved to liquidate the company on 25/08/2018, believing it had no debts. CA Prasad Dharap was appointed as the liquidator. The liquidator's remuneration of Rs. 59,000 was paid by the corporate person. The liquidator opened a bank account for liquidation purposes and filed audited accounts. Public announcements were made in newspapers on 01/10/2018. The company notified the Registrar of Companies on 04/10/2018 and IBBI on 09/01/2021. The Income Tax Department issued no objection. The company had only current assets, which were distributed to stakeholders. The auditor

J.B. India Private Limited, incorporated on 16.04.1999, initiated voluntary liquidation under Section 59(7) of the IBC. The company's registered office was in Raipur, Chhattisgarh. The Board of Directors resolved to liquidate the company on 25/08/2018, believing it had no debts. CA Prasad Dharap was appointed as the liquidator. The liquidator's remuneration of Rs. 59,000 was paid by the corporate person. The liquidator opened a bank account for liquidation purposes and filed audited accounts. Public announcements were made in newspapers on 01/10/2018. The company notified the Registrar of Companies on 04/10/2018 and IBBI on 09/01/2021. The Income Tax Department issued no objection. The company had only current assets, which were distributed to stakeholders. The auditor