The case involves an application filed under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (IBBI Regulations) by the Voluntary Liquidator seeking dissolution of M/s. Mannil Property And Development Corporation Limited. The company was incorporated on 28.05.1992 with an authorized capital of Rs. 5,00,00,000. The Board of Directors decided on 20.11.2018 to voluntarily liquidate the company due to no significant business operations. An Extra Ordinary General Meeting was held on 27.05.2019 to approve the voluntary liquidation. A declaration of solvency was filed with the ROC on 22.04.2019.
M/s Mannil Property and Development Corporation Limited, incorporated on 28.05.1992, initiated voluntary liquidation due to lack of significant business operations. The company's registered office is in Delhi. The Board of Directors resolved to liquidate on 20.11.2018, and shareholders approved it on 27.05.2019. Virender Jit Singh was appointed as the Voluntary Liquidator. The company had an authorized capital of Rs. 5,00,00,000. Public announcements were made in 'Financial Express' and 'Jansatta' on 01.06.2019. The company had paid its income tax dues. A bank account was opened and closed after asset distribution. The ROC and IBBI did not raise any objections to the liquidation. An Affidavit of Solvency was filed by the Director.
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M/s Mannil Property and…
The Board of Directors…
The case involves an application filed under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (IBBI Regulations) by the Voluntary Liquidator seeking dissolution of M/s. Mannil Property And Development Corporation Limited. The company was incorporated on 28.05.1992 with an authorized capital of Rs. 5,00,00,000. The Board of Directors decided on 20.11.2018 to voluntarily liquidate the company due to no significant business operations. An Extra Ordinary General Meeting was held on 27.05.2019 to approve the voluntary liquidation. A declaration of solvency was filed with the ROC on 22.04.2019.
M/s Mannil Property and Development Corporation Limited, incorporated on 28.05.1992, initiated voluntary liquidation due to lack of significant business operations. The company's registered office is in Delhi. The Board of Directors resolved to liquidate on 20.11.2018, and shareholders approved it on 27.05.2019. Virender Jit Singh was appointed as the Voluntary Liquidator. The company had an authorized capital of Rs. 5,00,00,000. Public announcements were made in 'Financial Express' and 'Jansatta' on 01.06.2019. The company had paid its income tax dues. A bank account was opened and closed after asset distribution. The ROC and IBBI did not raise any objections to the liquidation. An Affidavit of Solvency was filed by the Director.
M/s Mannil Property and…
The Board of Directors…