The case involves an application filed by ENEL Green Power India Private Limited, the shareholder of Enel Vayu (Project 2) Private Limited, seeking withdrawal of voluntary liquidation proceedings initiated under Section 59 and 60(5) of the Insolvency and Bankruptcy Code, 2016.
Enel Vayu (Project 2) Private Limited initiated voluntary liquidation proceedings.
ENEL Green Power India Private Limited, the shareholder, filed an application to withdraw the voluntary liquidation.
The company was incorporated on 26.06.2012 to generate renewable power.
The management decided to wind up the company in a board meeting on 28.12.2022 to eliminate operating expenses.
Suman Kumar was appointed as the liquidator.
The liquidator published a public announcement of the commencement of liquidation on 26.01.2023.
The management decided to withdraw the liquidation due to dynamic economy and evolving market conditions.
The liquidator expressed no objection to the withdrawal of voluntary liquidation.
The shareholders also obtained consent for the withdrawal of liquidation.
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The Company was…
The management decided to wind up the affairs…
The case involves an application filed by ENEL Green Power India Private Limited, the shareholder of Enel Vayu (Project 2) Private Limited, seeking withdrawal of voluntary liquidation proceedings initiated under Section 59 and 60(5) of the Insolvency and Bankruptcy Code, 2016.
Enel Vayu (Project 2) Private Limited initiated voluntary liquidation proceedings.
ENEL Green Power India Private Limited, the shareholder, filed an application to withdraw the voluntary liquidation.
The company was incorporated on 26.06.2012 to generate renewable power.
The management decided to wind up the company in a board meeting on 28.12.2022 to eliminate operating expenses.
Suman Kumar was appointed as the liquidator.
The liquidator published a public announcement of the commencement of liquidation on 26.01.2023.
The management decided to withdraw the liquidation due to dynamic economy and evolving market conditions.
The liquidator expressed no objection to the withdrawal of voluntary liquidation.
The shareholders also obtained consent for the withdrawal of liquidation.
…The Company was…
The management decided to wind up the affairs…