The case pertains to an application filed by Dastoor Medichem Private Limited through its liquidator, Hemanshu L. Kapadia, for the dissolution of the company under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 38(3) of the IBBI (Voluntary Liquidation Process) Regulations, 2017. The company was incorporated as a private limited company on 15.12.1987. The company's authorized and paid-up share capital is Rs. 5,00,000. The company was involved in the manufacturing of non-pareil seeds, but had no business operations for over 10 years, with only some income from other sources. The Board of Directors decided to wind up the company due to its financial position and declared solvency. A special resolution was passed on 25th May, 2021, to
…Dastoor Medichem Private Limited, CIN No. U24231GJ1987PTC010193, was incorporated on 15.12.1987. The company's authorized and paid-up share capital is Rs. 5,00,000. The company was involved in the manufacturing of non-pareil seeds, but had no business operations for over 10 years, with only some income from other sources. The Board of Directors decided to wind up the company due to its financial position and declared solvency. The Directors made a declaration of solvency by an affidavit. The record of business operations i.e. Annual Returns, Documents, reports etc. were prepared under Section 134 and the Audited Financial statements for financial year ended 31st March, 2020 and also the Audited Financial statement for the period from 1st April, 2020 to 31st March, 2021
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Dastoor Medichem…
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The case pertains to an application filed by Dastoor Medichem Private Limited through its liquidator, Hemanshu L. Kapadia, for the dissolution of the company under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 38(3) of the IBBI (Voluntary Liquidation Process) Regulations, 2017. The company was incorporated as a private limited company on 15.12.1987. The company's authorized and paid-up share capital is Rs. 5,00,000. The company was involved in the manufacturing of non-pareil seeds, but had no business operations for over 10 years, with only some income from other sources. The Board of Directors decided to wind up the company due to its financial position and declared solvency. A special resolution was passed on 25th May, 2021, to
…Dastoor Medichem Private Limited, CIN No. U24231GJ1987PTC010193, was incorporated on 15.12.1987. The company's authorized and paid-up share capital is Rs. 5,00,000. The company was involved in the manufacturing of non-pareil seeds, but had no business operations for over 10 years, with only some income from other sources. The Board of Directors decided to wind up the company due to its financial position and declared solvency. The Directors made a declaration of solvency by an affidavit. The record of business operations i.e. Annual Returns, Documents, reports etc. were prepared under Section 134 and the Audited Financial statements for financial year ended 31st March, 2020 and also the Audited Financial statement for the period from 1st April, 2020 to 31st March, 2021
…Dastoor Medichem…
The Company had…
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