The case pertains to a Company Petition (IB/162/2023) filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking voluntary dissolution of Neuheit Pharma Private Limited. The company, incorporated in 2015, aimed to trade pharmaceutical products. Due to a lack of significant business operations or prospects, the Board of Directors proposed voluntary liquidation. The petition was filed with the National Company Law Tribunal (NCLT), Hyderabad Bench.
Neuheit Pharma Private Limited, incorporated on March 16, 2015, aimed to trade pharmaceutical products. The company's authorized share capital was Rs. 24,10,00,000, divided into 2,41,00,000 equity shares of Rs. 10 each. The issued and paid-up capital was Rs. 23,10,45,850, consisting of 2,31,04,585 equity shares of Rs. 10 each. Due to a lack of significant business operations or prospects, the Board of Directors approved a proposal for voluntary liquidation on February 5, 2021. A special resolution for voluntary liquidation was obtained on March 4, 2021, and Mr. Bathina Venka Reddy was appointed as the liquidator. Public announcements were made, and statutory authorities were informed. The company had financial assets, including cash at bank (Rs. 10,04,331), fixed
…Sign in to view the parties.
Neuheit Pharma Private…
The Board of Directors…
Sign in to view related legal provisions.
The case pertains to a Company Petition (IB/162/2023) filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking voluntary dissolution of Neuheit Pharma Private Limited. The company, incorporated in 2015, aimed to trade pharmaceutical products. Due to a lack of significant business operations or prospects, the Board of Directors proposed voluntary liquidation. The petition was filed with the National Company Law Tribunal (NCLT), Hyderabad Bench.
Neuheit Pharma Private Limited, incorporated on March 16, 2015, aimed to trade pharmaceutical products. The company's authorized share capital was Rs. 24,10,00,000, divided into 2,41,00,000 equity shares of Rs. 10 each. The issued and paid-up capital was Rs. 23,10,45,850, consisting of 2,31,04,585 equity shares of Rs. 10 each. Due to a lack of significant business operations or prospects, the Board of Directors approved a proposal for voluntary liquidation on February 5, 2021. A special resolution for voluntary liquidation was obtained on March 4, 2021, and Mr. Bathina Venka Reddy was appointed as the liquidator. Public announcements were made, and statutory authorities were informed. The company had financial assets, including cash at bank (Rs. 10,04,331), fixed
…Neuheit Pharma Private…
The Board of Directors…
Sign in to view related legal provisions.