The case pertains to the voluntary liquidation of M/S Werfen Medical India Pvt. Ltd. The company initiated voluntary winding up due to no significant business operations in the past two years and the holding company's desire to operate a single entity in India through another subsidiary. The company's board decided that voluntary liquidation would be in the best interest of the company and its stakeholders. The application for dissolution was filed under Section 59 of the Insolvency and Bankruptcy Code, 2016.
M/S Werfen Medical India Pvt. Ltd., a private limited company incorporated on 20.10.2011, engaged in trading imported medical equipment. Due to no significant business operations for two years and the parent company's desire to consolidate operations, the company's board resolved on 18.04.2019 to initiate voluntary winding up and appoint a liquidator. Sanjay Kumar Jha was appointed as the Voluntary Liquidator. A declaration of solvency was signed on 23.10.2019. An EGM was held on 20.05.2019, where a special resolution was passed. The company had no operational or financial creditors. The liquidator notified the Assessing Officer on 22.05.2019 and published notifications in newspapers on 23.05.2019. No claims were received from any stakeholder. The Assistant
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M/S Werfen Medical…
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The case pertains to the voluntary liquidation of M/S Werfen Medical India Pvt. Ltd. The company initiated voluntary winding up due to no significant business operations in the past two years and the holding company's desire to operate a single entity in India through another subsidiary. The company's board decided that voluntary liquidation would be in the best interest of the company and its stakeholders. The application for dissolution was filed under Section 59 of the Insolvency and Bankruptcy Code, 2016.
M/S Werfen Medical India Pvt. Ltd., a private limited company incorporated on 20.10.2011, engaged in trading imported medical equipment. Due to no significant business operations for two years and the parent company's desire to consolidate operations, the company's board resolved on 18.04.2019 to initiate voluntary winding up and appoint a liquidator. Sanjay Kumar Jha was appointed as the Voluntary Liquidator. A declaration of solvency was signed on 23.10.2019. An EGM was held on 20.05.2019, where a special resolution was passed. The company had no operational or financial creditors. The liquidator notified the Assessing Officer on 22.05.2019 and published notifications in newspapers on 23.05.2019. No claims were received from any stakeholder. The Assistant
…M/S Werfen Medical…
A resolution was passed…
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