The case pertains to a Company Petition filed by the Liquidator of Nordic Wireless India Private Limited, seeking the dissolution of the company under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on February 3, 2020, initially as "WIO India Private Limited" and later changed its name to "Nordic Wireless India Private Limited" on October 25, 2021. The company's main objective was to carry out business in software and hardware. The Board of Directors decided to close down the company due to a lack of significant business operations and profitability. A resolution for voluntary liquidation was passed on September 27, 2023.
Nordic Wireless India Private Limited (formerly WIO India Private Limited) sought voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The company was incorporated on February 3, 2020, and its name was changed on October 25, 2021. The company's authorized share capital was Rs. 2,50,00,000, and the issued, subscribed, and paid-up share capital was Rs. 42,01,654. The directors, Palani and Dhanalakshmi Selvaraj, decided to close the company due to a lack of business operations and profitability. A board meeting was held on September 27, 2023, to pass a resolution for voluntary liquidation. The directors made a declaration of solvency on the same date. An Extraordinary General Meeting was held on September 29, 2023, where shareholders
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Nordic Wireless India Private Limited…
The company's name was changed from "WIO India…
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The case pertains to a Company Petition filed by the Liquidator of Nordic Wireless India Private Limited, seeking the dissolution of the company under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on February 3, 2020, initially as "WIO India Private Limited" and later changed its name to "Nordic Wireless India Private Limited" on October 25, 2021. The company's main objective was to carry out business in software and hardware. The Board of Directors decided to close down the company due to a lack of significant business operations and profitability. A resolution for voluntary liquidation was passed on September 27, 2023.
Nordic Wireless India Private Limited (formerly WIO India Private Limited) sought voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The company was incorporated on February 3, 2020, and its name was changed on October 25, 2021. The company's authorized share capital was Rs. 2,50,00,000, and the issued, subscribed, and paid-up share capital was Rs. 42,01,654. The directors, Palani and Dhanalakshmi Selvaraj, decided to close the company due to a lack of business operations and profitability. A board meeting was held on September 27, 2023, to pass a resolution for voluntary liquidation. The directors made a declaration of solvency on the same date. An Extraordinary General Meeting was held on September 29, 2023, where shareholders
…Nordic Wireless India Private Limited…
The company's name was changed from "WIO India…
Sign in to view related legal provisions.