The case pertains to a petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, for the voluntary liquidation of Radha Madhav Exim Limited. The company, incorporated in 2009, sought liquidation due to increased costs, heavy market competition, and low profitability. The Board of Directors resolved to liquidate the company voluntarily in a meeting held on January 2, 2020.
Radha Madhav Exim Limited, with CIN: U51501UP2009PLC125348, filed a petition under Section 59 of the Insolvency and Bankruptcy Code, 2016, for voluntary liquidation. The company was incorporated on January 15, 2009, with an authorized share capital of ₹2,00,00,000 and an issued, subscribed, and paid-up share capital of ₹1,59,27,810. The company decided to liquidate due to increased costs, heavy competition, and low profitability. The Board of Directors resolved to liquidate the company on January 2, 2020. The company had no creditors at the time of liquidation approval. The Liquidator, Mr. Ashok Kumar Verma, made a public announcement of the commencement of liquidation and submitted various reports and certificates. The liquidation process was completed on March 24,
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Radha Madhav Exim…
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The case pertains to a petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, for the voluntary liquidation of Radha Madhav Exim Limited. The company, incorporated in 2009, sought liquidation due to increased costs, heavy market competition, and low profitability. The Board of Directors resolved to liquidate the company voluntarily in a meeting held on January 2, 2020.
Radha Madhav Exim Limited, with CIN: U51501UP2009PLC125348, filed a petition under Section 59 of the Insolvency and Bankruptcy Code, 2016, for voluntary liquidation. The company was incorporated on January 15, 2009, with an authorized share capital of ₹2,00,00,000 and an issued, subscribed, and paid-up share capital of ₹1,59,27,810. The company decided to liquidate due to increased costs, heavy competition, and low profitability. The Board of Directors resolved to liquidate the company on January 2, 2020. The company had no creditors at the time of liquidation approval. The Liquidator, Mr. Ashok Kumar Verma, made a public announcement of the commencement of liquidation and submitted various reports and certificates. The liquidation process was completed on March 24,
…Radha Madhav Exim…
The Board of Directors…
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