The case pertains to the voluntary liquidation of TSI Townships (Bangalore) Private Limited. The company, incorporated on 16.12.2005, sought to dissolve under the provisions of the IBC Code. The Board of Directors decided to close the company due to slow-down in operations and unviable commercial prospects. An Extra-Ordinary General Meeting (EGM) was held on 21.10.2019, where a special resolution for voluntary liquidation was passed.
TSI Townships (Bangalore) Private Limited, incorporated on 16.12.2005, initiated voluntary liquidation due to operational slowdown and unviable commercial prospects. The company's authorized share capital was Rs.2,00,000/- divided into 20,000 equity shares. An EGM was held on 21.10.2019, where a special resolution for voluntary liquidation was passed. CS Venkata Subbarao Kalva was appointed as the liquidator. The liquidator made a public announcement on 24.10.2019, seeking claims from stakeholders. The company was registered with the Income Tax authority. A bank account was opened for realization and payment to creditors. The liquidator filed a Final Report of Liquidation on 26.06.2020. All assets were disposed of, and debts were discharged to the satisfaction of
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TSI Townships…
Notice of Extra-Ordinary…
The case pertains to the voluntary liquidation of TSI Townships (Bangalore) Private Limited. The company, incorporated on 16.12.2005, sought to dissolve under the provisions of the IBC Code. The Board of Directors decided to close the company due to slow-down in operations and unviable commercial prospects. An Extra-Ordinary General Meeting (EGM) was held on 21.10.2019, where a special resolution for voluntary liquidation was passed.
TSI Townships (Bangalore) Private Limited, incorporated on 16.12.2005, initiated voluntary liquidation due to operational slowdown and unviable commercial prospects. The company's authorized share capital was Rs.2,00,000/- divided into 20,000 equity shares. An EGM was held on 21.10.2019, where a special resolution for voluntary liquidation was passed. CS Venkata Subbarao Kalva was appointed as the liquidator. The liquidator made a public announcement on 24.10.2019, seeking claims from stakeholders. The company was registered with the Income Tax authority. A bank account was opened for realization and payment to creditors. The liquidator filed a Final Report of Liquidation on 26.06.2020. All assets were disposed of, and debts were discharged to the satisfaction of
…TSI Townships…
Notice of Extra-Ordinary…