The application was filed by the Liquidator under Section 59(7) of the Insolvency & Bankruptcy Code, 2016, read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, seeking dissolution of the applicant company following a voluntary liquidation process.
Baosteel Engineering India Private Limited, incorporated on April 15, 2013, faced challenges due to increased raw material costs and global inflation in the steel sector, leading to insignificant business operations. Consequently, the company's management decided to suspend business activities and initiated a voluntary liquidation process under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. An Extra Ordinary General Meeting (EGM) of shareholders was held on August 17, 2022, where a special resolution was passed for the voluntary winding up of the company and the appointment of CS Jitesh Gupta as Liquidator. This resolution was duly notified to the Registrar of Companies (RoC) via e-form MGT-14 on September 29, 2022 . The Liquidator filed a Declaration of
…Sign in to view the parties.
M/s Baosteel Engineering India Private Limited…
Shareholders passed a special resolution for…
The application was filed by the Liquidator under Section 59(7) of the Insolvency & Bankruptcy Code, 2016, read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, seeking dissolution of the applicant company following a voluntary liquidation process.
Baosteel Engineering India Private Limited, incorporated on April 15, 2013, faced challenges due to increased raw material costs and global inflation in the steel sector, leading to insignificant business operations. Consequently, the company's management decided to suspend business activities and initiated a voluntary liquidation process under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. An Extra Ordinary General Meeting (EGM) of shareholders was held on August 17, 2022, where a special resolution was passed for the voluntary winding up of the company and the appointment of CS Jitesh Gupta as Liquidator. This resolution was duly notified to the Registrar of Companies (RoC) via e-form MGT-14 on September 29, 2022 . The Liquidator filed a Declaration of
…M/s Baosteel Engineering India Private Limited…
Shareholders passed a special resolution for…