The case pertains to a company petition filed by the liquidator, Mr. Keyur J. Shah, on behalf of China Steel Machinery Corporation India Private Limited, seeking voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company's board of directors decided to close down the company due to the non-availability of business prospects and long-term financial resources. The company had no secured or unsecured creditors, and its resources were already distributed among its shareholders. The company passed a special resolution in its Extra Ordinary General Meeting (EOGM) on April 7, 2018, confirming the decision of its Board of Directors.
China Steel Machinery Corporation India Private Limited sought voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company's CIN is U29100GJ2013FTC076107, with its registered office in Vadodara. The company's business activities included import, distribution, design, and marketing. The authorized share capital was Rs.2,00,00,000/-, divided into 20,00,000 equity shares of Rs. 10/- each. The issued, subscribed, and paid-up share capital was Rs.1,98,62,600/- consisting of 19,86,260 Equity Shares of Rs.10/- each. The Board of Directors decided to close the company due to a lack of business prospects and long-term financial resources. An Extra Ordinary General Meeting (EOGM) held on April 7, 2018, passed a resolution for voluntary
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Director of the Company, Mr. Yu Chen, made…
EOGM held, passing…
The case pertains to a company petition filed by the liquidator, Mr. Keyur J. Shah, on behalf of China Steel Machinery Corporation India Private Limited, seeking voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company's board of directors decided to close down the company due to the non-availability of business prospects and long-term financial resources. The company had no secured or unsecured creditors, and its resources were already distributed among its shareholders. The company passed a special resolution in its Extra Ordinary General Meeting (EOGM) on April 7, 2018, confirming the decision of its Board of Directors.
China Steel Machinery Corporation India Private Limited sought voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company's CIN is U29100GJ2013FTC076107, with its registered office in Vadodara. The company's business activities included import, distribution, design, and marketing. The authorized share capital was Rs.2,00,00,000/-, divided into 20,00,000 equity shares of Rs. 10/- each. The issued, subscribed, and paid-up share capital was Rs.1,98,62,600/- consisting of 19,86,260 Equity Shares of Rs.10/- each. The Board of Directors decided to close the company due to a lack of business prospects and long-term financial resources. An Extra Ordinary General Meeting (EOGM) held on April 7, 2018, passed a resolution for voluntary
…Director of the Company, Mr. Yu Chen, made…
EOGM held, passing…