The case pertains to an application filed under sub-section (7) of section 59 of the Insolvency and Bankruptcy Code, 2016, for the dissolution of Maverick Digital Tech Pvt. Ltd. The company, incorporated on 25.01.2022, sought voluntary liquidation due to significant losses and the absence of future business plans. The Board of Directors authorized the execution of a Declaration of Solvency, and a Special Resolution was passed to liquidate the company voluntarily. A liquidator was appointed, and public announcements were made as per regulations. The company's affairs were completely wound up, and its assets were liquidated and distributed according to the law.
Maverick Digital Tech Pvt. Ltd. was incorporated on 25.01.2022 under the Companies Act, 2013. The company's authorized share capital was Rs. 10,00,000, divided into 1,00,000 equity shares. The company decided to close its business operations due to significant losses and no future plans to continue. The Board of Directors authorized the execution of a Declaration of Solvency under Section 59 (3) (a) of IBC, 2016. A Special Resolution was passed on 01.08.2023 to liquidate the company voluntarily, and Mr. Ravindranath Narayan Rao was appointed as the liquidator. Public announcements were made as per Regulation 14 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. The liquidator submitted a preliminary report to the Company
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Maverick Digit…
The Board of Directors…
The case pertains to an application filed under sub-section (7) of section 59 of the Insolvency and Bankruptcy Code, 2016, for the dissolution of Maverick Digital Tech Pvt. Ltd. The company, incorporated on 25.01.2022, sought voluntary liquidation due to significant losses and the absence of future business plans. The Board of Directors authorized the execution of a Declaration of Solvency, and a Special Resolution was passed to liquidate the company voluntarily. A liquidator was appointed, and public announcements were made as per regulations. The company's affairs were completely wound up, and its assets were liquidated and distributed according to the law.
Maverick Digital Tech Pvt. Ltd. was incorporated on 25.01.2022 under the Companies Act, 2013. The company's authorized share capital was Rs. 10,00,000, divided into 1,00,000 equity shares. The company decided to close its business operations due to significant losses and no future plans to continue. The Board of Directors authorized the execution of a Declaration of Solvency under Section 59 (3) (a) of IBC, 2016. A Special Resolution was passed on 01.08.2023 to liquidate the company voluntarily, and Mr. Ravindranath Narayan Rao was appointed as the liquidator. Public announcements were made as per Regulation 14 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. The liquidator submitted a preliminary report to the Company
…Maverick Digit…
The Board of Directors…