Oxygen Lifeline Retail Liquidated and Dissolved by NCLT

NCLT Indore orders dissolution of Oxygen Lifeline Retail Pvt Ltd under IBC Section 54 after completion of its liquidation process.
Liquidator realized Rs 28.77 lakh from auction of two vehicles, distributing proceeds per Section 53 waterfall to HDFC Bank and costs.
The liquidation process concluded within the mandated one-year period with all regulatory compliances certified in Form H.
An outstanding Income Tax demand of Rs 8.11 lakh remains unpaid due to insufficient liquidation estate assets.