The case pertains to the voluntary liquidation of Caritor Tech Park India Private Limited under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 06.07.2007 with the objective of establishing an Information Technology Park and/or Special Economic Zone. However, it did not commence business operations. A Board meeting was held on 15.09.2022 to consider winding up and voluntary liquidation, followed by an Extraordinary General Meeting on 22.09.2022, where the appointment of a liquidator was resolved.
Caritor Tech Park India Private Limited sought voluntary liquidation under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. Incorporated on 06.07.2007, the company aimed to establish an IT Park but never commenced operations. A board meeting on 15.09.2022 resolved to pursue voluntary liquidation, confirmed by an Extraordinary General Meeting on 22.09.2022, appointing a liquidator. The liquidator complied with IBBI regulations, including public announcements and financial reporting. No claims were received during liquidation. All liquidation costs were paid, and funds were distributed to shareholders. The company's financial statements for the year ended 31.03.2021 were prepared. The liquidator has not received any claims during the process of liquidation. The
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Caritor Tech Pa…
A Board meeting was held…
The case pertains to the voluntary liquidation of Caritor Tech Park India Private Limited under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 06.07.2007 with the objective of establishing an Information Technology Park and/or Special Economic Zone. However, it did not commence business operations. A Board meeting was held on 15.09.2022 to consider winding up and voluntary liquidation, followed by an Extraordinary General Meeting on 22.09.2022, where the appointment of a liquidator was resolved.
Caritor Tech Park India Private Limited sought voluntary liquidation under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. Incorporated on 06.07.2007, the company aimed to establish an IT Park but never commenced operations. A board meeting on 15.09.2022 resolved to pursue voluntary liquidation, confirmed by an Extraordinary General Meeting on 22.09.2022, appointing a liquidator. The liquidator complied with IBBI regulations, including public announcements and financial reporting. No claims were received during liquidation. All liquidation costs were paid, and funds were distributed to shareholders. The company's financial statements for the year ended 31.03.2021 were prepared. The liquidator has not received any claims during the process of liquidation. The
…Caritor Tech Pa…
A Board meeting was held…