The case pertains to a Company Petition filed by Bangalore Airport Rail Link Ltd. under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary liquidation. The company was incorporated on 31.03.2008 and its implementation of the HSRL Project was transferred to Bangalore Metro Rail Corporation Ltd. on 12.10.2011. The Government of Karnataka approved the proposal of Voluntary Liquidation of the Company on 09.05.2022. A special resolution to liquidate the company voluntarily was passed on 28.11.2023, and Mr. Ratnakar Shetty was appointed as the liquidator.
Bangalore Airport Rail Link Ltd. was incorporated on 31.03.2008 under the Companies Act, 1956. The company's registered office is at BMRCL Site Office, Bengaluru. The authorized share capital is Rs.5,00,00,000/-. The main object of the company was to carry on the business in the field of planning, designing, developing, construction, maintenance, operation and financing of High Speed Metro Rail Link Network. The implementation of the HSRL Project was transferred to Bangalore Metro Rail Corporation Ltd. on 12.10.2011. The Government of Karnataka approved the voluntary liquidation on 09.05.2022. The Board of Directors passed a resolution on 28.11.2022 for taking note of the Declaration of Solvency. A special resolution to liquidate the company voluntarily was passed on
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Bangalore Airport Rail…
Implementation of HSRL…
The case pertains to a Company Petition filed by Bangalore Airport Rail Link Ltd. under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary liquidation. The company was incorporated on 31.03.2008 and its implementation of the HSRL Project was transferred to Bangalore Metro Rail Corporation Ltd. on 12.10.2011. The Government of Karnataka approved the proposal of Voluntary Liquidation of the Company on 09.05.2022. A special resolution to liquidate the company voluntarily was passed on 28.11.2023, and Mr. Ratnakar Shetty was appointed as the liquidator.
Bangalore Airport Rail Link Ltd. was incorporated on 31.03.2008 under the Companies Act, 1956. The company's registered office is at BMRCL Site Office, Bengaluru. The authorized share capital is Rs.5,00,00,000/-. The main object of the company was to carry on the business in the field of planning, designing, developing, construction, maintenance, operation and financing of High Speed Metro Rail Link Network. The implementation of the HSRL Project was transferred to Bangalore Metro Rail Corporation Ltd. on 12.10.2011. The Government of Karnataka approved the voluntary liquidation on 09.05.2022. The Board of Directors passed a resolution on 28.11.2022 for taking note of the Declaration of Solvency. A special resolution to liquidate the company voluntarily was passed on
…Bangalore Airport Rail…
Implementation of HSRL…