The case pertains to the voluntary liquidation of Noyyal Finance Private Limited under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company, incorporated on 16.11.2017, was engaged in credit granting, financial lending, and related activities. The company ceased operations due to its inability to obtain necessary permission from the RBI. The shareholders passed a special resolution on 27.09.2021 for voluntary liquidation and appointed Mr. S. Vasudevan as the liquidator.
Noyyal Finance Private Limited, incorporated on 16.11.2017, engaged in credit granting and financial lending. The company's registered office is located in Coimbatore, Tamil Nadu. The company ceased operations due to its inability to obtain necessary RBI permissions. The shareholders passed a special resolution on 27.09.2021 for voluntary liquidation, appointing S. Vasudevan as the liquidator. The company's authorized and issued share capital was Rs. 2,00,00,000.00. The audited financial statements as of 31.03.2020 showed a net profit of Rs. 2,60,895.00. The liquidator made a public announcement, but no claims were received from stakeholders. The bank account was converted into a liquidation account and closed on 18.05.2023. The final report was submitted to the
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Noyyal Finance…
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The case pertains to the voluntary liquidation of Noyyal Finance Private Limited under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company, incorporated on 16.11.2017, was engaged in credit granting, financial lending, and related activities. The company ceased operations due to its inability to obtain necessary permission from the RBI. The shareholders passed a special resolution on 27.09.2021 for voluntary liquidation and appointed Mr. S. Vasudevan as the liquidator.
Noyyal Finance Private Limited, incorporated on 16.11.2017, engaged in credit granting and financial lending. The company's registered office is located in Coimbatore, Tamil Nadu. The company ceased operations due to its inability to obtain necessary RBI permissions. The shareholders passed a special resolution on 27.09.2021 for voluntary liquidation, appointing S. Vasudevan as the liquidator. The company's authorized and issued share capital was Rs. 2,00,00,000.00. The audited financial statements as of 31.03.2020 showed a net profit of Rs. 2,60,895.00. The liquidator made a public announcement, but no claims were received from stakeholders. The bank account was converted into a liquidation account and closed on 18.05.2023. The final report was submitted to the
…Noyyal Finance…
Shareholders passed a…
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