Murali Krishna Power Controls Pvt Ltd is the Operational Creditor. Servomax India Private Limited is the Corporate Debtor. IA No. 191/2019 was dismissed due to the applicant's absence. IA No. 369/2022 was filed for the closure of the liquidation process, arguing that the Corporate Debtor had been sold as a going concern and the Auction Purchaser had taken possession. The Liquidator's counsel confirmed that the Liquidator's fees and expenses had been paid. The court found that the liquidation process could be closed based on the final report and the fact that the Corporate Debtor was sold as a going concern.

Murali Krishna Power Controls Pvt Ltd is the Operational Creditor. Servomax India Private Limited is the Corporate Debtor. IA No. 191/2019 was dismissed due to the applicant's absence. IA No. 369/2022 was filed for the closure of the liquidation process, arguing that the Corporate Debtor had been sold as a going concern and the Auction Purchaser had taken possession. The Liquidator's counsel confirmed that the Liquidator's fees and expenses had been paid. The court found that the liquidation process could be closed based on the final report and the fact that the Corporate Debtor was sold as a going concern.