# In the matter of KIDZ Router Private Limited

> NCLT judgment dated 2024-09-27. Citation: TCN-2024-NCLT-00529. The case pertains to a Company Petition filed by Mr. Dinesh Gopal Mundada, the Liquidator of…

- **Court:** NCLT
- **Order date:** 27 Sept 2024
- **Citation:** TCN-2024-NCLT-00529
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/kidz-router-private-limited-5c1afd51

## Summary

### Background

The case pertains to a Company Petition filed by Mr. Dinesh Gopal Mundada, the Liquidator of Kidz Router Private Limited, for the dissolution of the company through voluntary liquidation under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 38 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. The company was incorporated on 29.06.2018. The directors decided in 2021 that continuing the business was no longer in the company's best interest, leading to a resolution to liquidate the company voluntarily on 02.07.2021.

## Facts

Kidz Router Private Limited was incorporated on 29.06.2018 as a Private Company Limited. The company's main objective was to carry on the business in India for maintenance and repair of office, accounting, and computing machinery. In 2021, the directors decided that continuing the business was no longer in the company's best interest. The Board of Directors passed a resolution to liquidate the Company voluntarily on 02.07.2021. The directors declared that the Company had no debt and was not being liquidated to defraud any person. An Extra-Ordinary General Meeting was held on 10.07.2021, where a Special Resolution was passed to liquidate the Company voluntarily, and Mr. Dinesh Gopal Mundada was appointed as Liquidator. The Liquidator notified the Registrar of Companies

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## Issues and analysis

### Issue 1: Whether the Application u/s 59(7) of the Code is complete and deserves to be allowed for the …

**Ratio:** Section 59(7) of the Insolvency and Bankruptcy Code, 2016, allows for the voluntary

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**Reasoning:** The court examined the submissions of the learned counsel for the Liquidator and perused

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**Interpretation:** Section 59(7) requires that the affairs of the company have been completely

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**Application:** The court found that the affairs of Kidz Router Private Limited had been

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## Parties

- **Judges:** ANIL RAJ C…; Kuldip Kumar…
- **Respondents:** Kidz Router…

## Timeline

- **2018-06-29 — Company Incor…**: Kidz Router Private…
- **2021-07-02 — Board Reso…**: Board of Directors passed a resolution…

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