The case pertains to the voluntary liquidation of M/s. Alliance Laundry Private Limited under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company discontinued its business operations and the management decided to voluntarily liquidate it. The Board of Directors and shareholders approved the voluntary liquidation. The liquidator was appointed and made public announcements inviting claims from creditors. The liquidator also intimated the Insolvency and Bankruptcy Board of India (IBBI), the company's banker (Bank of America), and the Income Tax Department about the liquidation process. The liquidator filed a preliminary report to the directors and shareholders. The company received claims from operational creditors, which were verified and paid. The
…M/s. Alliance Laundry Private Limited was incorporated on 02.04.2014. The company discontinued its business operations and decided to voluntarily liquidate. The Board of Directors approved the voluntary liquidation on 8th February 2022, subject to shareholder approval. The shareholders approved the proposal on 16th February 2022, and Mr. Sanjeev Kumar was appointed as the liquidator. As of the declaration of solvency, there were two creditors in the books of the company, who consented to the proposed voluntary liquidation. The liquidator made a public announcement on 19th February 2022, inviting claims from creditors. The liquidator also informed the IBBI, Bank of America, and the Income Tax Department about the liquidation process. The company received claims from
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M/s. Alliance Laundry…
The Board of Directors approved the Voluntary…
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The case pertains to the voluntary liquidation of M/s. Alliance Laundry Private Limited under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company discontinued its business operations and the management decided to voluntarily liquidate it. The Board of Directors and shareholders approved the voluntary liquidation. The liquidator was appointed and made public announcements inviting claims from creditors. The liquidator also intimated the Insolvency and Bankruptcy Board of India (IBBI), the company's banker (Bank of America), and the Income Tax Department about the liquidation process. The liquidator filed a preliminary report to the directors and shareholders. The company received claims from operational creditors, which were verified and paid. The
…M/s. Alliance Laundry Private Limited was incorporated on 02.04.2014. The company discontinued its business operations and decided to voluntarily liquidate. The Board of Directors approved the voluntary liquidation on 8th February 2022, subject to shareholder approval. The shareholders approved the proposal on 16th February 2022, and Mr. Sanjeev Kumar was appointed as the liquidator. As of the declaration of solvency, there were two creditors in the books of the company, who consented to the proposed voluntary liquidation. The liquidator made a public announcement on 19th February 2022, inviting claims from creditors. The liquidator also informed the IBBI, Bank of America, and the Income Tax Department about the liquidation process. The company received claims from
…M/s. Alliance Laundry…
The Board of Directors approved the Voluntary…
Sign in to view related legal provisions.