The case pertains to an application filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 38(3) of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, for the dissolution of GTP Tungsten Powder Recycling India Private Limited, a corporate person undergoing voluntary liquidation. The company's Board of Directors (BoD) proposed closing down business operations due to limited scope and lack of income from operations. The BoD resolved to wind up the company's affairs through Member's Voluntary Winding Up as prescribed under Section 59 of the IBC. The BoD filed a Declaration of Solvency and the members passed a Special Resolution in their Extraordinary General Meeting (EGM) to liquidate the

The case pertains to an application filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 38(3) of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, for the dissolution of GTP Tungsten Powder Recycling India Private Limited, a corporate person undergoing voluntary liquidation. The company's Board of Directors (BoD) proposed closing down business operations due to limited scope and lack of income from operations. The BoD resolved to wind up the company's affairs through Member's Voluntary Winding Up as prescribed under Section 59 of the IBC. The BoD filed a Declaration of Solvency and the members passed a Special Resolution in their Extraordinary General Meeting (EGM) to liquidate the