The case pertains to a Company Petition filed by Mr. Kondisetty Kumar Dushyantha, the Liquidator of Harohalli Land LLP, under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with IBBI (Voluntary Liquidation) Regulations, 2017, and Rule 10 of the Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012. The petition seeks a direction for the dissolution of Harohalli Land LLP, effective from the date of the order by the Adjudicating Authority. Harohalli Land LLP was incorporated on 22.03.2016 under the Limited Liability Partnership Act, 2008. The LLP's main objective is to develop properties/converted lands contributed by its partners. The LLP convened a meeting on 18.05.2022, approving the Declaration of Solvency. The designated partners
…Harohalli Land LLP was incorporated on 22.03.2016 under the Limited Liability Partnership Act, 2008. Its main objective is to develop properties. The LLP's capital is Rs.25,00,00,000/-. On 18.05.2022, the LLP's designated partners approved a Declaration of Solvency. On 23.05.2022, they declared the LLP solvent with no debts. An Extra-Ordinary General Meeting was held on 25.05.2022, resolving to voluntarily liquidate the LLP and appoint Mr. Kondisetty Kumar Dushyantha as Liquidator. The commencement of the Voluntary Liquidation Process was intimated to IBBI. A public announcement was made on 27.05.2022. The assets of the LLP were valued at Rs.2,16,64,92,000/- as of 17.03.2022. The last date for submission of claims was 24.06.2022, and no claims were received. The LLP
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Harohalli Land LLP…
LLP convened a meeting…
The case pertains to a Company Petition filed by Mr. Kondisetty Kumar Dushyantha, the Liquidator of Harohalli Land LLP, under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with IBBI (Voluntary Liquidation) Regulations, 2017, and Rule 10 of the Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012. The petition seeks a direction for the dissolution of Harohalli Land LLP, effective from the date of the order by the Adjudicating Authority. Harohalli Land LLP was incorporated on 22.03.2016 under the Limited Liability Partnership Act, 2008. The LLP's main objective is to develop properties/converted lands contributed by its partners. The LLP convened a meeting on 18.05.2022, approving the Declaration of Solvency. The designated partners
…Harohalli Land LLP was incorporated on 22.03.2016 under the Limited Liability Partnership Act, 2008. Its main objective is to develop properties. The LLP's capital is Rs.25,00,00,000/-. On 18.05.2022, the LLP's designated partners approved a Declaration of Solvency. On 23.05.2022, they declared the LLP solvent with no debts. An Extra-Ordinary General Meeting was held on 25.05.2022, resolving to voluntarily liquidate the LLP and appoint Mr. Kondisetty Kumar Dushyantha as Liquidator. The commencement of the Voluntary Liquidation Process was intimated to IBBI. A public announcement was made on 27.05.2022. The assets of the LLP were valued at Rs.2,16,64,92,000/- as of 17.03.2022. The last date for submission of claims was 24.06.2022, and no claims were received. The LLP
…Harohalli Land LLP…
LLP convened a meeting…