The case pertains to a Company Petition filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016 (IBC), for the voluntary liquidation of Portman Advisory Private Limited. The petition was initiated by the Corporate Person, Portman Advisors Private Limited, through its liquidator, Mr. Dilipkumar Natvarlal Jagad, an Insolvency Professional. The company sought dissolution following the conclusion of its voluntary liquidation process under the IBC, 2016. The company was originally incorporated as 'Portman Real Estate India Private Limited' in 2008 and later changed its name to 'Portman Advisory Private Limited' in 2013. The company belongs to Portman Group, USA, which decided to exit its business activities in India, leading to the voluntary liquidation.
Portman Advisory Private Limited filed a petition under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, for voluntary liquidation. The company was originally incorporated as 'Portman Real Estate India Private Limited' on April 18, 2008, and later changed its name on March 12, 2013. The company's authorized share capital was Rs. 2,10,00,000, and the paid-up share capital was Rs. 1,60,09,420. The company had three directors: Mr. Ambrish Kumar Baisiwala, Mr. Ankit Kothari, and Mr. John Calvin Portman IV. The company belonged to Portman Group, USA, which decided to exit its business activities in India. The Board of Directors decided to liquidate the company voluntarily on February 9, 2023, and the shareholders approved this decision on February 22, 2023,
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Portman Real Estate…
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The case pertains to a Company Petition filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016 (IBC), for the voluntary liquidation of Portman Advisory Private Limited. The petition was initiated by the Corporate Person, Portman Advisors Private Limited, through its liquidator, Mr. Dilipkumar Natvarlal Jagad, an Insolvency Professional. The company sought dissolution following the conclusion of its voluntary liquidation process under the IBC, 2016. The company was originally incorporated as 'Portman Real Estate India Private Limited' in 2008 and later changed its name to 'Portman Advisory Private Limited' in 2013. The company belongs to Portman Group, USA, which decided to exit its business activities in India, leading to the voluntary liquidation.
Portman Advisory Private Limited filed a petition under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, for voluntary liquidation. The company was originally incorporated as 'Portman Real Estate India Private Limited' on April 18, 2008, and later changed its name on March 12, 2013. The company's authorized share capital was Rs. 2,10,00,000, and the paid-up share capital was Rs. 1,60,09,420. The company had three directors: Mr. Ambrish Kumar Baisiwala, Mr. Ankit Kothari, and Mr. John Calvin Portman IV. The company belonged to Portman Group, USA, which decided to exit its business activities in India. The Board of Directors decided to liquidate the company voluntarily on February 9, 2023, and the shareholders approved this decision on February 22, 2023,
…Portman Real Estate…
The company's name was…
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