The case involves an application seeking an order for liquidation of the Corporate Debtor. The Resolution Professional (RP) explained the position and referred to a COC Resolution dated 17.12.2018, where liquidation was unanimously resolved. The RP also informed that there was non-cooperation from the Directors and hardly any business transaction. The last drawn balance sheet dated 13.03.2019 showed minimal assets.
Smart Soft India Solution Pvt. Ltd. is undergoing insolvency proceedings. The Resolution Professional (RP) sought an order for liquidation, referencing a COC resolution from 17.12.2018 that unanimously approved liquidation. The RP reported non-cooperation from the company's directors and minimal business activity. The company's last balance sheet, dated 13.03.2019, revealed limited assets: Rs. 3,64,888 in a bank account and Rs. 2,34,200 in cash. The RP suggested early dissolution. MA-604/2019 is an application for hearing to the Show Cause Notice issued to the Key Managerial Persons of the Respondents for invoking jurisdiction under section 72 of the I&B Code.
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COC Resolution No. 6…
MA-95/2019 - An…
The case involves an application seeking an order for liquidation of the Corporate Debtor. The Resolution Professional (RP) explained the position and referred to a COC Resolution dated 17.12.2018, where liquidation was unanimously resolved. The RP also informed that there was non-cooperation from the Directors and hardly any business transaction. The last drawn balance sheet dated 13.03.2019 showed minimal assets.
Smart Soft India Solution Pvt. Ltd. is undergoing insolvency proceedings. The Resolution Professional (RP) sought an order for liquidation, referencing a COC resolution from 17.12.2018 that unanimously approved liquidation. The RP reported non-cooperation from the company's directors and minimal business activity. The company's last balance sheet, dated 13.03.2019, revealed limited assets: Rs. 3,64,888 in a bank account and Rs. 2,34,200 in cash. The RP suggested early dissolution. MA-604/2019 is an application for hearing to the Show Cause Notice issued to the Key Managerial Persons of the Respondents for invoking jurisdiction under section 72 of the I&B Code.
COC Resolution No. 6…
MA-95/2019 - An…