The case pertains to an application filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking an order to dissolve Coimbatore Commodities Limited. The company was incorporated on August 25, 2003, to trade in commodities and their derivatives. The Board of Directors approved voluntary liquidation on October 21, 2020, subject to member approval. The company had four directors and eight equity shareholders. The directors confirmed the company had no debts and was not being liquidated to defraud anyone. The company filed a Declaration of Solvency with the Registrar of Companies on October 27, 2020. The voluntary liquidation commenced on October 28, 2020, and a public announcement was made. The applicant, the liquidator, received no claims from
…Coimbatore Commodities Limited was incorporated on August 25, 2003, to trade in commodities. The Board of Directors approved voluntary liquidation on October 21, 2020, subject to member approval. The company had four directors: Doraisamy Balasundaram, Balakrishna Naidu Venkateswaran, Jaganath Thulasidharan, and Karthikeyan Subbiah. The company had eight equity shareholders. The directors confirmed the company had no debts and was not being liquidated to defraud anyone. The company filed a Declaration of Solvency with the Registrar of Companies on October 27, 2020. The voluntary liquidation commenced on October 28, 2020, and a public announcement was made. The liquidator, M.D. Selvaraj, received no claims from creditors or stakeholders. The liquidator notified the
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The case pertains to an application filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking an order to dissolve Coimbatore Commodities Limited. The company was incorporated on August 25, 2003, to trade in commodities and their derivatives. The Board of Directors approved voluntary liquidation on October 21, 2020, subject to member approval. The company had four directors and eight equity shareholders. The directors confirmed the company had no debts and was not being liquidated to defraud anyone. The company filed a Declaration of Solvency with the Registrar of Companies on October 27, 2020. The voluntary liquidation commenced on October 28, 2020, and a public announcement was made. The applicant, the liquidator, received no claims from
…Coimbatore Commodities Limited was incorporated on August 25, 2003, to trade in commodities. The Board of Directors approved voluntary liquidation on October 21, 2020, subject to member approval. The company had four directors: Doraisamy Balasundaram, Balakrishna Naidu Venkateswaran, Jaganath Thulasidharan, and Karthikeyan Subbiah. The company had eight equity shareholders. The directors confirmed the company had no debts and was not being liquidated to defraud anyone. The company filed a Declaration of Solvency with the Registrar of Companies on October 27, 2020. The voluntary liquidation commenced on October 28, 2020, and a public announcement was made. The liquidator, M.D. Selvaraj, received no claims from creditors or stakeholders. The liquidator notified the
…Coimbatore Commodities Limited was…
The Board of Directors of the Company approved…
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