This case pertains to a petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, for the voluntary liquidation of Jai Maa Vaishno Loha Private Limited. The company was incorporated on 25.07.2007 under the Companies Act, 1956. The Board of Directors resolved to liquidate the company voluntarily on 28th February 2020, citing that the next generation of the family is keen to start their own businesses.
Jai Maa Vaishno Loha Private Limited, incorporated on 25.07.2007, filed a petition for voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company's registered office is located in Muzaffarnagar, Uttar Pradesh. The authorized share capital is ₹60,00,000, divided into 6,00,000 equity shares of ₹10 each, while the issued, subscribed, and paid-up share capital is ₹57,97,500, divided into 5,79,750 equity shares of ₹10 each. The directors decided to liquidate the company as the next generation of the family wanted to start their own businesses. The Board of Directors resolved to liquidate the company on 28th February 2020. The majority of directors approved the Declaration of Solvency on 28th February 2020. The company declared that it
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This case pertains to a petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, for the voluntary liquidation of Jai Maa Vaishno Loha Private Limited. The company was incorporated on 25.07.2007 under the Companies Act, 1956. The Board of Directors resolved to liquidate the company voluntarily on 28th February 2020, citing that the next generation of the family is keen to start their own businesses.
Jai Maa Vaishno Loha Private Limited, incorporated on 25.07.2007, filed a petition for voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company's registered office is located in Muzaffarnagar, Uttar Pradesh. The authorized share capital is ₹60,00,000, divided into 6,00,000 equity shares of ₹10 each, while the issued, subscribed, and paid-up share capital is ₹57,97,500, divided into 5,79,750 equity shares of ₹10 each. The directors decided to liquidate the company as the next generation of the family wanted to start their own businesses. The Board of Directors resolved to liquidate the company on 28th February 2020. The majority of directors approved the Declaration of Solvency on 28th February 2020. The company declared that it
…Jai Maa Vaishno Loha…
The Board of Directors…
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