The case pertains to the voluntary liquidation of M/s. Ashokmithra Capitals Private Limited, initiated under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company, incorporated on 2019-01-11, aimed to operate as a general finance company but could not commence business due to the rejection of its NBFC registration application by the RBI. Consequently, a decision was made in April 2022 to wind up the company's affairs through voluntary liquidation. Mr. S. Vijay Mahindhran was initially appointed as the liquidator but resigned due to medical reasons and was replaced by Mr. Vasudevan Gopu. The company is a closely held private entity with 19 shareholders.
M/s. Ashokmithra Capitals Private Limited, incorporated on 2019-01-11, initiated voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company, intended to operate as a general finance company, failed to secure NBFC registration from the RBI, leading to the decision to wind up its affairs in April 2022. The authorized and issued paid-up capital of the company was Rs.2,25,00,000/-. Mr. S. Vijay Mahindhran was initially appointed as liquidator but resigned due to medical reasons and was replaced by Mr. Vasudevan Gopu. The company's assets included a bank balance of Rs.2,28,01,491 and other current assets of Rs.4,35,309. The liquidation process involved various compliances, including submitting audited financial statements, holding EGMs,
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M/s. Ashokmithra…
Decision made during…
The case pertains to the voluntary liquidation of M/s. Ashokmithra Capitals Private Limited, initiated under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company, incorporated on 2019-01-11, aimed to operate as a general finance company but could not commence business due to the rejection of its NBFC registration application by the RBI. Consequently, a decision was made in April 2022 to wind up the company's affairs through voluntary liquidation. Mr. S. Vijay Mahindhran was initially appointed as the liquidator but resigned due to medical reasons and was replaced by Mr. Vasudevan Gopu. The company is a closely held private entity with 19 shareholders.
M/s. Ashokmithra Capitals Private Limited, incorporated on 2019-01-11, initiated voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company, intended to operate as a general finance company, failed to secure NBFC registration from the RBI, leading to the decision to wind up its affairs in April 2022. The authorized and issued paid-up capital of the company was Rs.2,25,00,000/-. Mr. S. Vijay Mahindhran was initially appointed as liquidator but resigned due to medical reasons and was replaced by Mr. Vasudevan Gopu. The company's assets included a bank balance of Rs.2,28,01,491 and other current assets of Rs.4,35,309. The liquidation process involved various compliances, including submitting audited financial statements, holding EGMs,
…M/s. Ashokmithra…
Decision made during…