The case pertains to a Company Petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary dissolution of Insannova Clinicals Pvt Ltd. The company, incorporated on July 30, 2012, aimed to provide clinical research and development activities but could not commence operations due to a lack of visible business opportunities. The company had no debts and furnished a declaration of solvency. A special resolution was passed on April 28, 2022, for voluntary liquidation, appointing Mr. Vinod Sakaram as the liquidator. The liquidator made public announcements and submitted preliminary reports as required by the IBC. The company had no assets at the time of liquidation.
Insannova Clinicals Pvt Ltd, incorporated on July 30, 2012, aimed to conduct clinical research and development. However, it never commenced operations due to a lack of business opportunities. The company had no debts and its directors furnished a declaration of solvency. On April 28, 2022, a special resolution was passed for voluntary liquidation, appointing Mr. Vinod Sakaram as the liquidator. The liquidator made public announcements in newspapers and on the IBBI website, notifying stakeholders of the liquidation. A preliminary report was submitted on June 12, 2022. The company had no assets at the time of liquidation. The liquidator prepared a final report to the ROC and IBBI, complying with IBBI regulations. The final report was sent to the Registrar of Companies on
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Insannova Clinicals Pvt…
Directors furnished a…
The case pertains to a Company Petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary dissolution of Insannova Clinicals Pvt Ltd. The company, incorporated on July 30, 2012, aimed to provide clinical research and development activities but could not commence operations due to a lack of visible business opportunities. The company had no debts and furnished a declaration of solvency. A special resolution was passed on April 28, 2022, for voluntary liquidation, appointing Mr. Vinod Sakaram as the liquidator. The liquidator made public announcements and submitted preliminary reports as required by the IBC. The company had no assets at the time of liquidation.
Insannova Clinicals Pvt Ltd, incorporated on July 30, 2012, aimed to conduct clinical research and development. However, it never commenced operations due to a lack of business opportunities. The company had no debts and its directors furnished a declaration of solvency. On April 28, 2022, a special resolution was passed for voluntary liquidation, appointing Mr. Vinod Sakaram as the liquidator. The liquidator made public announcements in newspapers and on the IBBI website, notifying stakeholders of the liquidation. A preliminary report was submitted on June 12, 2022. The company had no assets at the time of liquidation. The liquidator prepared a final report to the ROC and IBBI, complying with IBBI regulations. The final report was sent to the Registrar of Companies on
…Insannova Clinicals Pvt…
Directors furnished a…