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, incorporated on July 25, 2007, is a family-owned business engaged in the import and export of steel varieties. Due to the next generation's desire to pursue their own businesses, the directors decided to voluntarily liquidate the company. The company's registered office is located in Muzaffarnagar, Uttar Pradesh.
Jai Maa Vaishno Loha Private Limited, a company incorporated on July 25, 2007, under the Companies Act, 1956, initiated voluntary liquidation proceedings. The company, a family-owned business dealing in the import and export of steel, decided to liquidate due to the next generation's preference for starting their own businesses. The authorized share capital of the company was ₹60,00,000, while the issued, subscribed, and paid-up share capital was ₹57,97,500. The Board of Directors approved a Declaration of Solvency, stating that the company had no assets, debts, or liabilities and was not being liquidated to defraud anyone. A special resolution was passed in an Extraordinary General Meeting (EGM) to liquidate the company voluntarily and appoint a liquidator. The
…Sign in to view the parties.
Jai Maa Vaishno Loha…
The Board of Directors…
Sign in to view related legal provisions.
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, incorporated on July 25, 2007, is a family-owned business engaged in the import and export of steel varieties. Due to the next generation's desire to pursue their own businesses, the directors decided to voluntarily liquidate the company. The company's registered office is located in Muzaffarnagar, Uttar Pradesh.
Jai Maa Vaishno Loha Private Limited, a company incorporated on July 25, 2007, under the Companies Act, 1956, initiated voluntary liquidation proceedings. The company, a family-owned business dealing in the import and export of steel, decided to liquidate due to the next generation's preference for starting their own businesses. The authorized share capital of the company was ₹60,00,000, while the issued, subscribed, and paid-up share capital was ₹57,97,500. The Board of Directors approved a Declaration of Solvency, stating that the company had no assets, debts, or liabilities and was not being liquidated to defraud anyone. A special resolution was passed in an Extraordinary General Meeting (EGM) to liquidate the company voluntarily and appoint a liquidator. The
…Jai Maa Vaishno Loha…
The Board of Directors…
Sign in to view related legal provisions.