The case pertains to the voluntary liquidation of M/s. Hurrykrishna Venture Private Limited under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. The company, incorporated on 02.03.1990, decided to liquidate due to having no significant business operations for the past two years. The Board of Directors considered this to be in the best interest of the company and its stakeholders, as the company was in a sound financial position to pay off its debts in full. The company's authorized and paid-up share capital was INR 50,00,000. The directors, Mr. Krishna Shriram and Ms. Roula Shriram, made declarations of solvency. The company filed necessary forms with
…M/s. Hurrykrishna Venture Private Limited, incorporated on 02.03.1990, sought voluntary liquidation under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company's registered office is in New Delhi. The authorized and paid-up share capital is INR 50,00,000. The company's main object was export from India. The Board of Directors resolved to liquidate the company on 03.06.2021 due to a lack of significant business operations in the last two years. Mr. Krishna Shriram and Ms. Roula Shriram are the directors and shareholders. Mr. Sanjay Kumar Jha was appointed as the Voluntary Liquidator. A public announcement was made on 29.06.2021, inviting claims from stakeholders. No claims were received from creditors. The Voluntary Liquidator submitted a preliminary
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Hurrykrishna Venture…
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The case pertains to the voluntary liquidation of M/s. Hurrykrishna Venture Private Limited under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. The company, incorporated on 02.03.1990, decided to liquidate due to having no significant business operations for the past two years. The Board of Directors considered this to be in the best interest of the company and its stakeholders, as the company was in a sound financial position to pay off its debts in full. The company's authorized and paid-up share capital was INR 50,00,000. The directors, Mr. Krishna Shriram and Ms. Roula Shriram, made declarations of solvency. The company filed necessary forms with
…M/s. Hurrykrishna Venture Private Limited, incorporated on 02.03.1990, sought voluntary liquidation under Section 59(7) of the Insolvency and Bankruptcy Code, 2016. The company's registered office is in New Delhi. The authorized and paid-up share capital is INR 50,00,000. The company's main object was export from India. The Board of Directors resolved to liquidate the company on 03.06.2021 due to a lack of significant business operations in the last two years. Mr. Krishna Shriram and Ms. Roula Shriram are the directors and shareholders. Mr. Sanjay Kumar Jha was appointed as the Voluntary Liquidator. A public announcement was made on 29.06.2021, inviting claims from stakeholders. No claims were received from creditors. The Voluntary Liquidator submitted a preliminary
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Board of Directors…