The case pertains to a Company Petition filed by the Liquidator, Mr. Anurag Sharma, on behalf of M/s GDF Suez Sales India Private Limited, seeking dissolution under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company, incorporated under the Companies Act, 2013, aimed to engage in the business of electrical power purchase and sale. Due to struggling business opportunities, the Board of Directors proposed voluntary liquidation. The company complied with Section 59(3) of the Code by filing a declaration signed by the Board of Directors, stating that a full inquiry into the company's affairs had been conducted, and the company had no debts or could pay them in full. The directors also submitted a Declaration of Solvency, affirming that the liquidation was
…M/s GDF Suez Sales India Private Limited, incorporated under the Companies Act, 2013, sought voluntary liquidation due to struggling business opportunities. The company's objective was to engage in the purchase and sale of electrical power. The Board of Directors convened an Extra Ordinary General Meeting on 09.05.2019 to pass a special resolution for voluntary liquidation and appointed Mr. Anurag Sharma as the Liquidator. The company complied with Section 59(3) of the Code by filing a declaration signed by the Board of Directors, stating that a full inquiry into the company's affairs had been conducted, and the company had no debts or could pay them in full. The directors also submitted a Declaration of Solvency, affirming that the liquidation was not intended to
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The case pertains to a Company Petition filed by the Liquidator, Mr. Anurag Sharma, on behalf of M/s GDF Suez Sales India Private Limited, seeking dissolution under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company, incorporated under the Companies Act, 2013, aimed to engage in the business of electrical power purchase and sale. Due to struggling business opportunities, the Board of Directors proposed voluntary liquidation. The company complied with Section 59(3) of the Code by filing a declaration signed by the Board of Directors, stating that a full inquiry into the company's affairs had been conducted, and the company had no debts or could pay them in full. The directors also submitted a Declaration of Solvency, affirming that the liquidation was
…M/s GDF Suez Sales India Private Limited, incorporated under the Companies Act, 2013, sought voluntary liquidation due to struggling business opportunities. The company's objective was to engage in the purchase and sale of electrical power. The Board of Directors convened an Extra Ordinary General Meeting on 09.05.2019 to pass a special resolution for voluntary liquidation and appointed Mr. Anurag Sharma as the Liquidator. The company complied with Section 59(3) of the Code by filing a declaration signed by the Board of Directors, stating that a full inquiry into the company's affairs had been conducted, and the company had no debts or could pay them in full. The directors also submitted a Declaration of Solvency, affirming that the liquidation was not intended to
…Board of Directors convened an Extra…
Public announcements were made in "Financial…