NCLT Bengaluru orders dissolution of Multi-verse Technologies Pvt Ltd after complete liquidation of assets under IBC 2016.
Liquidation process realized Rs 73.16 lakh from fixed deposits and tax refunds, distributed Rs 55 lakh to unsecured creditors.
Corporate Debtor had no tangible assets; liquidation estate comprised only cash, bank balances, and fixed deposits.
Liquidator filed application under Section 54(1) after confirming zero balance in liquidation account through CA certificate.