The case pertains to a Company Petition filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, for the voluntary liquidation and dissolution of Delta Tau Data Systems India Private Limited. The petition was filed by the Corporate Person through its Insolvency Resolution Professional, Mr. Ketan S. Dand, on the ground that the Corporate Person was sold under 'slump sale' to Omron Automation Private Limited. The Corporate Person proposed for voluntarily winding up under Section 59 of the Code, 2016, having completed the requisite formalities and procedures of liquidation in compliance with the law.
Delta Tau Data Systems India Private Limited (the Corporate Person) filed a petition for voluntary liquidation under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 03.06.2011. It is a subsidiary of Delta Tau Data Systems INC based in the United States of America, holding 89% of the Corporate Person's shares, with the remaining 11% held by Omron management Centre of America INC. The Board of Directors decided to liquidate the company voluntarily via a resolution dated 25.01.2018, believing it had no debt and was not being liquidated to defraud anyone. A special resolution was passed on 29.01.2018 to liquidate the company and appoint Mr. Ketan S. Dand as the liquidator. The company notified the Registrar of Companies and IBBI
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Delta Tau Data Systems…
Limited dated 01.04.2017 and accordingly it has…
The case pertains to a Company Petition filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, for the voluntary liquidation and dissolution of Delta Tau Data Systems India Private Limited. The petition was filed by the Corporate Person through its Insolvency Resolution Professional, Mr. Ketan S. Dand, on the ground that the Corporate Person was sold under 'slump sale' to Omron Automation Private Limited. The Corporate Person proposed for voluntarily winding up under Section 59 of the Code, 2016, having completed the requisite formalities and procedures of liquidation in compliance with the law.
Delta Tau Data Systems India Private Limited (the Corporate Person) filed a petition for voluntary liquidation under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 03.06.2011. It is a subsidiary of Delta Tau Data Systems INC based in the United States of America, holding 89% of the Corporate Person's shares, with the remaining 11% held by Omron management Centre of America INC. The Board of Directors decided to liquidate the company voluntarily via a resolution dated 25.01.2018, believing it had no debt and was not being liquidated to defraud anyone. A special resolution was passed on 29.01.2018 to liquidate the company and appoint Mr. Ketan S. Dand as the liquidator. The company notified the Registrar of Companies and IBBI
…Delta Tau Data Systems…
Limited dated 01.04.2017 and accordingly it has…