NCLT Chennai orders dissolution of Mizu Technology Pvt Ltd following a completed voluntary liquidation process initiated due to lack of business operations.
Liquidator Chitra Srinivas realized Rs 2.34 crore from cash balances and distributed it fully to shareholders after covering liquidation costs.
The process complied with IBC 2016, with no creditor claims, pending litigation, or tax demands against the company.
The tribunal directs the liquidator to preserve company records for eight years post-dissolution and instructs the RoC to update the company's status to 'Dissolved'.