# In the matter of XDOC Works Private Limited

> NCLT judgment dated 2024-11-08. Citation: TCN-2024-NCLT-00283. The case pertains to an application filed by M/s. XDOC Works Private Limited, through its…

- **Court:** NCLT
- **Order date:** 8 Nov 2024
- **Citation:** TCN-2024-NCLT-00283
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/xdoc-works-private-limited-dc6dced6

## Summary

### Background

The case pertains to an application filed by M/s. XDOC Works Private Limited, through its liquidator Chirag Rajendrakumar Shah, for dissolution 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. The company was incorporated on 08.04.2010. Due to the impact of the COVID-19 pandemic, the company's business was severely affected, leading to a resolution to liquidate the company's affairs. The liquidator was appointed, and necessary declarations and resolutions were filed with the Ministry of Corporate Affairs. Public announcements were made, claims were invited, and a preliminary report was submitted. The liquidator prepared a list of

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## Facts

M/s. XDOC Works Private Limited, CIN: U72900GJ2010PTC060210, filed an application for voluntary liquidation under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 08.04.2010. The business was severely affected by the COVID-19 pandemic. The Board of Directors resolved to liquidate the company on 01.08.2022, appointing Mr. Chirag Rajendrakumar Shah as the liquidator. A declaration of solvency was filed on 27.07.2022. Public announcements were made on 06.08.2022. The last date for submission of claims was 31.08.2022. One claim was received from a shareholder on 24.08.2022, and another from the Income Tax Department on 22.09.2022. A separate bank account was opened on 26.08.2022. The liquidator intimated the Income Tax Authorities,

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## Issues and analysis

### Issue 1: Whether the affairs of the Corporate Person have been completely wound up and its assets completely …

**Ratio:** Section 59(8) of the Insolvency and Bankruptcy Code, 2016, confers powers to the

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**Reasoning:** The court examined the submissions made by the applicant and perused the documents

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**Interpretation:** The interpretation of Section 59(8) requires the Adjudicating Authority to be

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**Application:** In this case, the court found that the liquidator had taken all necessary steps

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## Parties

- **Judges:** Chitra Ha…; V. G. Venkata…
- **Appellants:** Chirag Rajendrakum…
- **Respondents:** XDOC Works…

## Timeline

- **2010-04-08 — Company Incor…**: XDOC Works Private…
- **2022-08-01 — Board Resolution for…**: The Board of Directors…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 59(7) — Voluntary liquidation of corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-59)

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