The case pertains to the voluntary liquidation of DCS BPO Private Limited under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 09.01.2003 under the Companies Act, 1956, to provide customer interaction services, back-office support, and information technology services. Due to unprofitability and limited financial resources, the company decided to voluntarily liquidate. A board meeting on 14.05.2022 approved the voluntary liquidation, subject to member approval in the Annual General Meeting, which was subsequently obtained.
DCS BPO Private Limited was incorporated on 09.01.2003 under the Companies Act, 1956. The company's business was not profitable due to limited financial resources, leading to a decision to voluntarily liquidate. A board meeting on 14.05.2022 approved the voluntary liquidation, subject to member approval. The liquidator, M. D. Selvaraj, filed a Company Application seeking dissolution under Section 59(7) of the IBC, 2016. The company's CIN is U72200TN2003PTC050166. The amounts realized totaled Rs. 94,01,711, which included cash/bank balance. The distribution included liquidation costs of Rs. 5,18,298, government dues of Rs. 45,413, statutory audit fees of Rs. 27,000, and preference shareholders of Rs. 88,11,000. Claims from ESIC were received and rejected. 'Form H' was
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DCS BPO Private Limited…
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The case pertains to the voluntary liquidation of DCS BPO Private Limited under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 09.01.2003 under the Companies Act, 1956, to provide customer interaction services, back-office support, and information technology services. Due to unprofitability and limited financial resources, the company decided to voluntarily liquidate. A board meeting on 14.05.2022 approved the voluntary liquidation, subject to member approval in the Annual General Meeting, which was subsequently obtained.
DCS BPO Private Limited was incorporated on 09.01.2003 under the Companies Act, 1956. The company's business was not profitable due to limited financial resources, leading to a decision to voluntarily liquidate. A board meeting on 14.05.2022 approved the voluntary liquidation, subject to member approval. The liquidator, M. D. Selvaraj, filed a Company Application seeking dissolution under Section 59(7) of the IBC, 2016. The company's CIN is U72200TN2003PTC050166. The amounts realized totaled Rs. 94,01,711, which included cash/bank balance. The distribution included liquidation costs of Rs. 5,18,298, government dues of Rs. 45,413, statutory audit fees of Rs. 27,000, and preference shareholders of Rs. 88,11,000. Claims from ESIC were received and rejected. 'Form H' was
…DCS BPO Private Limited…
A board meeting approved the voluntary…
Sign in to view related legal provisions.