The case pertains to a Company Petition filed by M/s Ingrey Travel and Tourism (India) Private Limited to initiate voluntary liquidation proceedings under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The company was incorporated on 19.07.2010 with the object of carrying on the business of Tour and Travels Operators. The Board of Directors, in their meeting dated 24.01.2019, considered that the company was not in operation and, due to the non-availability of business prospects, it was not financially viable to continue. The members of the Company in their Extraordinary General Meeting held on 24.01.2019 passed a special resolution to liquidate the Company voluntarily and appointed Mr. Prakash K. Pandya as liquidator.
M/s Ingrey Travel and Tourism (India) Private Limited filed a Company Petition to initiate voluntary liquidation proceedings under Section 59 of the IBC. The company was incorporated on 19.07.2010 to operate as a tour and travel agency. The authorized share capital was Rs. 75,00,000. The Board of Directors determined on 24.01.2019 that the company was not operational and lacked business prospects. An Extraordinary General Meeting on 24.01.2019 resulted in a special resolution to voluntarily liquidate the company, appointing Mr. Prakash K. Pandya as liquidator. A Declaration of Solvency was made on 25.01.2019. The liquidator acted according to the IBC and IBBI regulations, including public announcements. The liquidator submitted a preliminary report on 09.03.2019. The
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M/s Ingrey Travel and…
The Board of Directors considered that the…
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The case pertains to a Company Petition filed by M/s Ingrey Travel and Tourism (India) Private Limited to initiate voluntary liquidation proceedings under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The company was incorporated on 19.07.2010 with the object of carrying on the business of Tour and Travels Operators. The Board of Directors, in their meeting dated 24.01.2019, considered that the company was not in operation and, due to the non-availability of business prospects, it was not financially viable to continue. The members of the Company in their Extraordinary General Meeting held on 24.01.2019 passed a special resolution to liquidate the Company voluntarily and appointed Mr. Prakash K. Pandya as liquidator.
M/s Ingrey Travel and Tourism (India) Private Limited filed a Company Petition to initiate voluntary liquidation proceedings under Section 59 of the IBC. The company was incorporated on 19.07.2010 to operate as a tour and travel agency. The authorized share capital was Rs. 75,00,000. The Board of Directors determined on 24.01.2019 that the company was not operational and lacked business prospects. An Extraordinary General Meeting on 24.01.2019 resulted in a special resolution to voluntarily liquidate the company, appointing Mr. Prakash K. Pandya as liquidator. A Declaration of Solvency was made on 25.01.2019. The liquidator acted according to the IBC and IBBI regulations, including public announcements. The liquidator submitted a preliminary report on 09.03.2019. The
…M/s Ingrey Travel and…
The Board of Directors considered that the…
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