ORDER

1. This is an application filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016 (the Code) by Mr. Mohammad Khalid, Liquidator of M/s Sabharwal Investments Private Limited (CIN: U74899DL1985PTC022763) (Corporate Person) seeking the following prayers in terms of Section 59(7) of the Insolvency and Bankruptcy Code of 2016:

a) Allow the present application;

b) To pass necessary order for dissolution of Sabharwal Investments Private Limited with CIN U74899DL1985PTC022763 in terms of section 59 (8) of the Insolvency and Bankruptcy Code, 2016; and

c) Such other order/orders as this Hon'ble Tribunal may deem fit and proper.

Brief Facts of the Case As Stated In the Petition:

2. The Corporate Person was incorporated on 12.12.1985 under the Companies Act, 1956, as a Private Limited Company under the Registrar of Companies, New Delhi, with CIN U74899DL1985PTC022763. The registered office of the Company is situated M-87, Greater Kailash-1, New Delhi 110048. Therefore, this Bench has jurisdiction to deal with the present petition.

3. The main objects of the Corporate Person, as set out in its Memorandum of Association (“MoA”), are as follows:

• To invest in,