This case pertains to an application filed under section 59(7) of the Insolvency and Bankruptcy Code, 2016, for the dissolution of Visva Import Export Private Limited, a company undergoing voluntary liquidation. The company was incorporated on 19/02/2010 under the Companies Act, 1956. The Board of Directors passed a resolution for voluntary winding up on 27/04/2018, and the members passed special resolutions on 05/05/2018 approving the winding up and appointing Mr. Gyaneshwar Sahai as the liquidator.
Visva Import Export Private Limited, incorporated on 19/02/2010, underwent voluntary liquidation. The Board of Directors resolved to wind up the company on 27/04/2018, and members approved this on 05/05/2018, appointing Mr. Gyaneshwar Sahai as liquidator. The liquidator notified the Registrar of Companies and made public announcements in 'The Echo of India' and 'Lipi' on 07/05/2018, inviting stakeholder claims. No claims were received from stakeholders other than equity shareholders. The liquidator opened a bank account on 24/09/2018, distributed proceeds, and submitted a final report on 22/01/2019. A declaration of solvency was affirmed on 17/03/2018, stating the company could pay its debts within 12 months. The liquidator also submitted a valuation report dated
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This case pertains to an application filed under section 59(7) of the Insolvency and Bankruptcy Code, 2016, for the dissolution of Visva Import Export Private Limited, a company undergoing voluntary liquidation. The company was incorporated on 19/02/2010 under the Companies Act, 1956. The Board of Directors passed a resolution for voluntary winding up on 27/04/2018, and the members passed special resolutions on 05/05/2018 approving the winding up and appointing Mr. Gyaneshwar Sahai as the liquidator.
Visva Import Export Private Limited, incorporated on 19/02/2010, underwent voluntary liquidation. The Board of Directors resolved to wind up the company on 27/04/2018, and members approved this on 05/05/2018, appointing Mr. Gyaneshwar Sahai as liquidator. The liquidator notified the Registrar of Companies and made public announcements in 'The Echo of India' and 'Lipi' on 07/05/2018, inviting stakeholder claims. No claims were received from stakeholders other than equity shareholders. The liquidator opened a bank account on 24/09/2018, distributed proceeds, and submitted a final report on 22/01/2019. A declaration of solvency was affirmed on 17/03/2018, stating the company could pay its debts within 12 months. The liquidator also submitted a valuation report dated
…Visva Import Export…
The Board of Directors…
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