The case pertains to a Company Petition filed by Mr. Joby Chacko, the Liquidator of Digital First Online Brands Pvt. Ltd., under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking a direction for the dissolution of the Corporate Person/Company. Digital First Online Brands Pvt. Ltd. was incorporated on 16.02.2017 and underwent a name change on 29.12.2020. The company initiated a voluntary liquidation process, including declarations of solvency, resolutions to liquidate, and public announcements. The liquidator submitted reports, audited accounts, and managed the liquidation process, including opening and closing a bank account. The Adjudicating Authority directed the Liquidator to file provisional financial statements and clarify the settlement of claims.
Digital First Online Brands Pvt. Ltd. was incorporated on 16.02.2017. The company's name was changed on 29.12.2020. The company's authorized capital is Rs.1,60,00,000/-, and its paid-up capital is Rs.49,60,050/-. The company's main business involves wholesale cash & carry trading of cosmetics, non-prescribed drugs, health care products, Ayurvedic and dietary supplements. The company convened a Board of Directors meeting on 07.01.2022 and approved a Declaration of Solvency. An Extra-Ordinary General Meeting was held on 10.01.2022, where a resolution was passed to voluntarily liquidate the company, and Mr. Joby Chacko was appointed as the Liquidator. Public announcements were made on 12.01.2022. The last date for submitting claims was 09.02.2022. No claims were
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Digital First Online…
The name of the Company has been changed to the…
The case pertains to a Company Petition filed by Mr. Joby Chacko, the Liquidator of Digital First Online Brands Pvt. Ltd., under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking a direction for the dissolution of the Corporate Person/Company. Digital First Online Brands Pvt. Ltd. was incorporated on 16.02.2017 and underwent a name change on 29.12.2020. The company initiated a voluntary liquidation process, including declarations of solvency, resolutions to liquidate, and public announcements. The liquidator submitted reports, audited accounts, and managed the liquidation process, including opening and closing a bank account. The Adjudicating Authority directed the Liquidator to file provisional financial statements and clarify the settlement of claims.
Digital First Online Brands Pvt. Ltd. was incorporated on 16.02.2017. The company's name was changed on 29.12.2020. The company's authorized capital is Rs.1,60,00,000/-, and its paid-up capital is Rs.49,60,050/-. The company's main business involves wholesale cash & carry trading of cosmetics, non-prescribed drugs, health care products, Ayurvedic and dietary supplements. The company convened a Board of Directors meeting on 07.01.2022 and approved a Declaration of Solvency. An Extra-Ordinary General Meeting was held on 10.01.2022, where a resolution was passed to voluntarily liquidate the company, and Mr. Joby Chacko was appointed as the Liquidator. Public announcements were made on 12.01.2022. The last date for submitting claims was 09.02.2022. No claims were
…Digital First Online…
The name of the Company has been changed to the…