The case pertains to an application filed by the Liquidator of OM Auto Technocraft Private Limited for the dissolution of the company through voluntary liquidation under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 38 of the IBBI (Voluntary Liquidation Process) Regulations, 2017. The company, incorporated in 2007, decided to liquidate due to the unavailability of business prospects and financial resources. The Board of Directors resolved to liquidate the company's affairs in a meeting held on March 31, 2023, and a special resolution was passed in an extraordinary general meeting on April 5, 2023, to voluntarily liquidate the company. Mr. Manish S Buchasia was appointed as the Liquidator.
OM Auto Technocraft Private Limited, incorporated on February 21, 2007, decided to undergo voluntary liquidation due to the unavailability of business prospects and financial resources. The company's authorized share capital was Rs. 15,00,000/- divided into 1,50,000 equity shares. The Board of Directors resolved to liquidate the company on March 31, 2023, and a special resolution was passed on April 5, 2023, appointing Mr. Manish S Buchasia as the Liquidator. The Liquidator made a public announcement of the liquidation commencement and intimated the Income Tax Authority. A separate bank account was opened and subsequently closed. The Liquidator submitted preliminary and final reports. No claims were received from financial or operational creditors. The proceeds from
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OM Auto Technocraft…
The Board of Directors considered the matter of…
The case pertains to an application filed by the Liquidator of OM Auto Technocraft Private Limited for the dissolution of the company through voluntary liquidation under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 38 of the IBBI (Voluntary Liquidation Process) Regulations, 2017. The company, incorporated in 2007, decided to liquidate due to the unavailability of business prospects and financial resources. The Board of Directors resolved to liquidate the company's affairs in a meeting held on March 31, 2023, and a special resolution was passed in an extraordinary general meeting on April 5, 2023, to voluntarily liquidate the company. Mr. Manish S Buchasia was appointed as the Liquidator.
OM Auto Technocraft Private Limited, incorporated on February 21, 2007, decided to undergo voluntary liquidation due to the unavailability of business prospects and financial resources. The company's authorized share capital was Rs. 15,00,000/- divided into 1,50,000 equity shares. The Board of Directors resolved to liquidate the company on March 31, 2023, and a special resolution was passed on April 5, 2023, appointing Mr. Manish S Buchasia as the Liquidator. The Liquidator made a public announcement of the liquidation commencement and intimated the Income Tax Authority. A separate bank account was opened and subsequently closed. The Liquidator submitted preliminary and final reports. No claims were received from financial or operational creditors. The proceeds from
…OM Auto Technocraft…
The Board of Directors considered the matter of…