The case pertains to a Company Petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary liquidation of Klass Traders Private Limited. The company, incorporated in 1988, initiated voluntary liquidation proceedings after its Board of Directors resolved to do so on 20/11/2023, filing a Declaration of Solvency. The company complied with the necessary formalities and procedures as per law.
Klass Traders Private Limited, incorporated in 1988, filed a petition for voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company's authorized share capital was Rs. 50,00,000, and the issued, subscribed, and paid-up share capital was Rs. 45,00,000. The company's main object was to deal in bricks, sand stone, and marble. The Board of Directors resolved to voluntarily liquidate the company on 20/11/2023, as the company was not carrying on any business. The directors declared on affidavit that the company could pay its debts in full and was not being liquidated to defraud anyone. A special resolution to liquidate the company was passed on 12.12.2023, and Mr. Pranab Kumar Chakrabarty was appointed as the voluntary liquidator. Public
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Klass Traders Private…
The Board of Directors (BOD) of the Corporate…
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The case pertains to a Company Petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary liquidation of Klass Traders Private Limited. The company, incorporated in 1988, initiated voluntary liquidation proceedings after its Board of Directors resolved to do so on 20/11/2023, filing a Declaration of Solvency. The company complied with the necessary formalities and procedures as per law.
Klass Traders Private Limited, incorporated in 1988, filed a petition for voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company's authorized share capital was Rs. 50,00,000, and the issued, subscribed, and paid-up share capital was Rs. 45,00,000. The company's main object was to deal in bricks, sand stone, and marble. The Board of Directors resolved to voluntarily liquidate the company on 20/11/2023, as the company was not carrying on any business. The directors declared on affidavit that the company could pay its debts in full and was not being liquidated to defraud anyone. A special resolution to liquidate the company was passed on 12.12.2023, and Mr. Pranab Kumar Chakrabarty was appointed as the voluntary liquidator. Public
…Klass Traders Private…
The Board of Directors (BOD) of the Corporate…
Sign in to view related legal provisions.