# In the matter of Solopgang Services India Private  Limited

> NCLT judgment dated 2023-09-27. Citation: TCN-2023-NCLT-01434. This case involves a Company Petition filed under Section 59(7) of the Insolvency and…

- **Court:** NCLT
- **Order date:** 27 Sept 2023
- **Citation:** TCN-2023-NCLT-01434
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/solopgang-services-india-private-limited-7d6f9054

## Summary

### Background

This case involves a Company Petition filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, by Solopgang Services India Private Limited through its Liquidator, Mr. Shashikant Shravan Dhamne, seeking dissolution via voluntary liquidation. The Corporate Person completed all necessary formalities and procedures for liquidation in compliance with the law and filed the petition for dissolution.

## Facts

Solopgang Services India Private Limited, incorporated on 02.03.2017, initiated voluntary liquidation due to discontinued business operations. The Board of Directors passed a resolution on 10.03.2021 to liquidate the company. Mr. Shashikant Shravan Dhamne was appointed as the liquidator on 15.03.2021. The company declared its solvency and filed necessary declarations with the Registrar of Companies, Mumbai, on 19.03.2021. The liquidator notified the Registrar of Companies and the Income-tax Department about the liquidation. A public announcement was made on 17.03.2021, but no claims were received. The liquidator opened and subsequently closed a bank account for liquidation purposes. Preliminary and final reports, along with audited accounts, were submitted. The

…

## Issues and analysis

### Issue 1: Whether the Corporate Person, Solopgang Services India Private Limited, should be dissolved …

**Ratio:** The legal principle applied is that a Corporate Person can be dissolved if it has

…

**Reasoning:** The court reasoned that the affairs of the Corporate Person had been completely wound up,

…

**Interpretation:** Section 59 of the IBC allows for voluntary liquidation of a corporate entity,

…

**Application:** The court applied the principle to the specific facts, noting that Solopgang

…

## Parties

- **Judges:** Reeta K…; Madhu S…
- **Respondents:** Solopgang…

## Timeline

- **2017-03-02 — Incorporation of…**: Solopgang Services India…
- **2021-03-10 — Board Resolution for…**: The Board of Directors decided to…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/solopgang-services-india-private-limited-7d6f9054