# In the matter of Doc Medical Services Private Limited

> NCLT judgment dated 2024-10-23. Citation: TCN-2024-NCLT-00364. The case pertains to a Company Petition filed by the Liquidator of M/s. Doc Medical Services…

- **Court:** NCLT
- **Order date:** 23 Oct 2024
- **Citation:** TCN-2024-NCLT-00364
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/doc-medical-services-private-limited-71b587a3

## Summary

### Background

The case pertains to a Company Petition filed by the Liquidator of M/s. Doc Medical Services Private Limited, seeking the dissolution of the company under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 16.01.2007 and decided to undergo voluntary liquidation due to no significant business operations since 31st March, 2023. A board meeting was held on 12.01.2024 to pass a resolution for voluntary liquidation.

## Facts

M/s. Doc Medical Services Private Limited (CIN: U33125TN2007PTC062048) underwent voluntary liquidation. The company was incorporated on 16.01.2007 with the object of engaging in the business of setting up diagnostic centers and related activities. Due to no significant business operations since 31st March, 2023, the Board of Directors resolved for voluntary liquidation. An Extraordinary General Body Meeting was conducted on 22.01.2024 to appoint a liquidator. The liquidator, Mr. Shanmugakani Saraskumar, filed a Company Petition under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking dissolution of the company. The company's assets consisted of bank balances. After making payments including liquidation costs as per Section 53(1) of IBC, 2016, the

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## Issues and analysis

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

**Ratio:** Section 59(8) of the Insolvency and Bankruptcy Code, 2016, empowers the Adjudicating

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**Reasoning:** The court considered the submissions made by the Learned Counsel for the Applicant and

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**Interpretation:** Section 59(8) of the IBC, 2016 provides the legal basis for the dissolution of

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**Application:** Based on the liquidator's report and supporting documents, the court determined

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## Parties

- **Judges:** SANJIV…; Venkataraman…
- **Appellants:** Liquidator of M/s…
- **Respondents:** Doc Medical…

## Timeline

- **2007-01-16 — Company Incor…**: Doc Medical Services Private…
- **2023-03-31 — No Significant Business…**: The Company had no significant…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 59 — Voluntary liquidation of corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-59)

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