The case pertains to an application filed under Section 59 r.w. regulation 38 of the Insolvency & Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, by the Liquidator, Mr. Umesh Ved, seeking an order for the dissolution of the Corporate Person, M/s Laxmi Edifice Private Limited. The company was incorporated on 15.02.2010 and resolved to voluntarily liquidate on 1st September, 2020, due to the non-availability of business prospects and long-term financial resources. The liquidator followed the procedures as per the IBBI regulations, including public announcements, submission of reports, and distribution of proceeds to shareholders.
M/s Laxmi Edifice Private Limited (CIN: U45201GJ2010PTC059577) was incorporated on 15.02.2010. The company's authorized share capital was Rs. 2,00,00,000/- and the paid-up share capital was Rs. 1,91,00,000/-. The company was formed to carry on the business of real estate and construction works but had not been doing any business activities for the last six months. Due to the non-availability of business prospects and long-term financial resources, the Directors resolved to voluntarily liquidate the Company on 1st September, 2020, and appointed Mr. Umesh Ved as the Liquidator. The Liquidator filed Form GNL-2 for declaration of solvency on 4th September, 2020. The corporate person passed a resolution at the Annual General Meeting on 28th September, 2020, to liquidate the
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M/s Laxmi Edifice…
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The case pertains to an application filed under Section 59 r.w. regulation 38 of the Insolvency & Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, by the Liquidator, Mr. Umesh Ved, seeking an order for the dissolution of the Corporate Person, M/s Laxmi Edifice Private Limited. The company was incorporated on 15.02.2010 and resolved to voluntarily liquidate on 1st September, 2020, due to the non-availability of business prospects and long-term financial resources. The liquidator followed the procedures as per the IBBI regulations, including public announcements, submission of reports, and distribution of proceeds to shareholders.
M/s Laxmi Edifice Private Limited (CIN: U45201GJ2010PTC059577) was incorporated on 15.02.2010. The company's authorized share capital was Rs. 2,00,00,000/- and the paid-up share capital was Rs. 1,91,00,000/-. The company was formed to carry on the business of real estate and construction works but had not been doing any business activities for the last six months. Due to the non-availability of business prospects and long-term financial resources, the Directors resolved to voluntarily liquidate the Company on 1st September, 2020, and appointed Mr. Umesh Ved as the Liquidator. The Liquidator filed Form GNL-2 for declaration of solvency on 4th September, 2020. The corporate person passed a resolution at the Annual General Meeting on 28th September, 2020, to liquidate the
…M/s Laxmi Edifice…
The Directors resolved…
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