The case pertains to an application filed by the Liquidator, Mr. Kamlesh Kumar Sharma, under Section 59 of the Insolvency and Bankruptcy Code, 2016, read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, seeking the dissolution of M/S KSPL Shipyard Private Limited. The company stated that it had no significant business operations since incorporation and passed a resolution to close down via voluntary liquidation. The ROC was notified and filed a report stating no inquiry/investigation/complaint/legal action was pending against the company.
M/S KSPL Shipyard Private Limited sought voluntary liquidation under Section 59 of the Insolvency & Bankruptcy Code, 2016. The company was incorporated on 29.07.2019 and had its registered office in East Godavari, Kakinada, Andhra Pradesh. The authorized share capital was Rs. 10,00,00,000, and the issued, subscribed, and paid-up share capital was 7,00,000 equity shares of Rs. 10 each. The company had two directors, Jayadev Polavarapu and Muralidhar Merla. The company had no significant business operations since incorporation. The Board of Directors passed a resolution on 12.01.2024 to close down the company by way of voluntary liquidation, and the directors made a declaration of solvency on the same date. The members passed a special resolution on 02.02.2024 to
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M/S KSPL Shipyard Private Limited was…
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The case pertains to an application filed by the Liquidator, Mr. Kamlesh Kumar Sharma, under Section 59 of the Insolvency and Bankruptcy Code, 2016, read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, seeking the dissolution of M/S KSPL Shipyard Private Limited. The company stated that it had no significant business operations since incorporation and passed a resolution to close down via voluntary liquidation. The ROC was notified and filed a report stating no inquiry/investigation/complaint/legal action was pending against the company.
M/S KSPL Shipyard Private Limited sought voluntary liquidation under Section 59 of the Insolvency & Bankruptcy Code, 2016. The company was incorporated on 29.07.2019 and had its registered office in East Godavari, Kakinada, Andhra Pradesh. The authorized share capital was Rs. 10,00,00,000, and the issued, subscribed, and paid-up share capital was 7,00,000 equity shares of Rs. 10 each. The company had two directors, Jayadev Polavarapu and Muralidhar Merla. The company had no significant business operations since incorporation. The Board of Directors passed a resolution on 12.01.2024 to close down the company by way of voluntary liquidation, and the directors made a declaration of solvency on the same date. The members passed a special resolution on 02.02.2024 to
…M/S KSPL Shipyard Private Limited was…
The Board of Directors passed a resolution to…
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