The case pertains to a Company Petition filed by Smt. Padmasri Appana, the Voluntary Liquidator of M/s Guntur Tobacco Limited, seeking the dissolution of the Corporate Person under Section 59 of the Insolvency and Bankruptcy Code, 2016. Guntur Tobacco Limited, registered under the Companies Act, 1956, was a Public Company limited by shares in Andhra Pradesh. The company's authorized capital was Rs. 10,00,000, divided into 1,00,000 equity shares of Rs. 10 each. The company engaged in tobacco business but ceased operations due to non-availability of business prospects and financial resources, leading to a voluntary liquidation resolution passed on 16.10.2017.
Guntur Tobacco Limited, a Public Company registered under the Companies Act, 1956, initiated voluntary liquidation due to business challenges. The company's authorized capital was Rs. 10,00,000, divided into 1,00,000 equity shares of Rs. 10 each. The Board of Directors passed a resolution for voluntary winding up on 16.10.2017. Ms. Maddi Seetha Devi and Mr. Maddi Venkteswara Rao, majority directors, declared solvency on 16.09.2017. The liquidator, Smt. Padmasri Appana, made a public announcement on 17.10.2017, seeking stakeholder claims. The liquidator opened a bank account for liquidation purposes and filed preliminary and final reports. The liquidator also intimated the Income Tax Authorities and obtained a No Objection Certificate. The Registrar of Companies, Andhra
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Guntur Tobacco Limited…
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The case pertains to a Company Petition filed by Smt. Padmasri Appana, the Voluntary Liquidator of M/s Guntur Tobacco Limited, seeking the dissolution of the Corporate Person under Section 59 of the Insolvency and Bankruptcy Code, 2016. Guntur Tobacco Limited, registered under the Companies Act, 1956, was a Public Company limited by shares in Andhra Pradesh. The company's authorized capital was Rs. 10,00,000, divided into 1,00,000 equity shares of Rs. 10 each. The company engaged in tobacco business but ceased operations due to non-availability of business prospects and financial resources, leading to a voluntary liquidation resolution passed on 16.10.2017.
Guntur Tobacco Limited, a Public Company registered under the Companies Act, 1956, initiated voluntary liquidation due to business challenges. The company's authorized capital was Rs. 10,00,000, divided into 1,00,000 equity shares of Rs. 10 each. The Board of Directors passed a resolution for voluntary winding up on 16.10.2017. Ms. Maddi Seetha Devi and Mr. Maddi Venkteswara Rao, majority directors, declared solvency on 16.09.2017. The liquidator, Smt. Padmasri Appana, made a public announcement on 17.10.2017, seeking stakeholder claims. The liquidator opened a bank account for liquidation purposes and filed preliminary and final reports. The liquidator also intimated the Income Tax Authorities and obtained a No Objection Certificate. The Registrar of Companies, Andhra
…Guntur Tobacco Limited…
Board of Directors…
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