The case pertains to a Company Petition filed by M/s. Quintiles Phase One Clinical Trials India Pvt Ltd, through its liquidator, under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of the Corporate Person. The Corporate Person was incorporated on 03.07.2009 to conduct phase one clinical trials on behalf of pharmaceutical companies. It had ceased business operations for the past three to four years, earning only interest income from fixed deposits. The Board of Directors resolved to liquidate the company voluntarily, appointing Shri. Adinarayana Babji Kota as the liquidator.
M/s. Quintiles Phase One Clinical Trials India Pvt Ltd (the Corporate Person) filed a Company Petition for voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 03.07.2009 to conduct clinical trials. Due to ceasing business operations for 3-4 years, the company's Board of Directors decided to initiate voluntary liquidation. Shri. Adinarayana Babji Kota was appointed as the liquidator. A public announcement was made on 05.10.2020, inviting claims, with a deadline of 30.10.2020. The liquidator submitted reports to IBBI and the Registrar of Companies. A bank account was opened on 30.01.2021 with Kotak Mahindra Bank. The company had an existing account with Citibank, Bengaluru, which was transferred to the
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The Corporate Person, M/s. Quintiles Phase…
The Board of Directors held a meeting and made…
The case pertains to a Company Petition filed by M/s. Quintiles Phase One Clinical Trials India Pvt Ltd, through its liquidator, under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of the Corporate Person. The Corporate Person was incorporated on 03.07.2009 to conduct phase one clinical trials on behalf of pharmaceutical companies. It had ceased business operations for the past three to four years, earning only interest income from fixed deposits. The Board of Directors resolved to liquidate the company voluntarily, appointing Shri. Adinarayana Babji Kota as the liquidator.
M/s. Quintiles Phase One Clinical Trials India Pvt Ltd (the Corporate Person) filed a Company Petition for voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company was incorporated on 03.07.2009 to conduct clinical trials. Due to ceasing business operations for 3-4 years, the company's Board of Directors decided to initiate voluntary liquidation. Shri. Adinarayana Babji Kota was appointed as the liquidator. A public announcement was made on 05.10.2020, inviting claims, with a deadline of 30.10.2020. The liquidator submitted reports to IBBI and the Registrar of Companies. A bank account was opened on 30.01.2021 with Kotak Mahindra Bank. The company had an existing account with Citibank, Bengaluru, which was transferred to the
…The Corporate Person, M/s. Quintiles Phase…
The Board of Directors held a meeting and made…