The case pertains to an application filed by the Liquidator, Mr. Sachin Sapra, on behalf of BNK Holdings Private Limited, seeking the dissolution of the company under Section 59 of the Insolvency & Bankruptcy Code, 2016, read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. The company was incorporated in 1997 and had suspended its operations due to a lack of business prospects. The Board of Directors passed a resolution for voluntary liquidation after noting the Declaration of Solvency. The company's authorized share capital was Rs. 60,00,000, and the issued, subscribed, and paid-up share capital was Rs. 43,09,000. The directors made declarations and resolutions as required by the Code, and a liquidator was
…BNK Holdings Private Limited, incorporated on 23.09.1997, sought voluntary liquidation due to suspended operations and lack of business prospects. The company's authorized share capital was Rs. 60,00,000, and the issued, subscribed, and paid-up share capital was Rs. 43,09,000. The Board of Directors passed a resolution for voluntary liquidation on 14.06.2022, following a Declaration of Solvency. Mr. Sachin Sapra was appointed as the Liquidator. The company complied with Section 59 of the Insolvency & Bankruptcy Code, 2016, including declarations by directors, special resolutions, and public announcements. No claims were received from stakeholders. The Liquidator submitted reports to the Registrar of Companies (ROC) and IBBI. The ROC reported no pending inquiries or
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BNK Holdings Private…
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The case pertains to an application filed by the Liquidator, Mr. Sachin Sapra, on behalf of BNK Holdings Private Limited, seeking the dissolution of the company under Section 59 of the Insolvency & Bankruptcy Code, 2016, read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. The company was incorporated in 1997 and had suspended its operations due to a lack of business prospects. The Board of Directors passed a resolution for voluntary liquidation after noting the Declaration of Solvency. The company's authorized share capital was Rs. 60,00,000, and the issued, subscribed, and paid-up share capital was Rs. 43,09,000. The directors made declarations and resolutions as required by the Code, and a liquidator was
…BNK Holdings Private Limited, incorporated on 23.09.1997, sought voluntary liquidation due to suspended operations and lack of business prospects. The company's authorized share capital was Rs. 60,00,000, and the issued, subscribed, and paid-up share capital was Rs. 43,09,000. The Board of Directors passed a resolution for voluntary liquidation on 14.06.2022, following a Declaration of Solvency. Mr. Sachin Sapra was appointed as the Liquidator. The company complied with Section 59 of the Insolvency & Bankruptcy Code, 2016, including declarations by directors, special resolutions, and public announcements. No claims were received from stakeholders. The Liquidator submitted reports to the Registrar of Companies (ROC) and IBBI. The ROC reported no pending inquiries or
…BNK Holdings Private…
The Board of Directors took note of the…
Sign in to view related legal provisions.