The case pertains to an application filed by the Voluntary Liquidator, Ms. Nisha Malpani, on behalf of NIIT Institute of Process Excellence Limited, seeking dissolution of the company under Section 59 of the Insolvency & Bankruptcy Code, 2016. The company, incorporated on April 2, 2008, was engaged in assessing human resources requirements and providing education and training. Due to commercial non-viability, the Board of Directors decided to wind up the company through voluntary liquidation. All assets and liabilities were transferred to its 100% shareholder, NIIT Limited. The company engaged Mr. Niranjan Kumar as a registered valuer to conduct asset valuation. A special resolution was passed by the members for initiating voluntary liquidation and appointing Ms.

The case pertains to an application filed by the Voluntary Liquidator, Ms. Nisha Malpani, on behalf of NIIT Institute of Process Excellence Limited, seeking dissolution of the company under Section 59 of the Insolvency & Bankruptcy Code, 2016. The company, incorporated on April 2, 2008, was engaged in assessing human resources requirements and providing education and training. Due to commercial non-viability, the Board of Directors decided to wind up the company through voluntary liquidation. All assets and liabilities were transferred to its 100% shareholder, NIIT Limited. The company engaged Mr. Niranjan Kumar as a registered valuer to conduct asset valuation. A special resolution was passed by the members for initiating voluntary liquidation and appointing Ms.