The case pertains to a Company Petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary liquidation of M/s Reconstructive Surgery India. The company was incorporated under the Companies Act, 1956, and later, the directors declared their intention for voluntary liquidation. The Board of Directors passed a resolution for voluntary liquidation as they failed to obtain necessary approval under the Foreign Contribution Regulation Act, hindering their ability to raise foreign funds. Shareholders then passed a special resolution to liquidate the company and appointed Mr. Shailesh Baheti as the liquidator. The liquidator issued public announcements, and no claims were received from stakeholders. The outstanding amount to the creditors was
…M/s Reconstructive Surgery India, a company incorporated under the Companies Act, 1956, sought voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company's directors declared their intention for voluntary liquidation, citing their inability to obtain approval under the Foreign Contribution Regulation Act. The shareholders passed a special resolution to liquidate the company and appointed Mr. Shailesh Baheti as the liquidator. The liquidator issued public announcements, and no claims were received from stakeholders. All outstanding amounts to creditors were paid in full. The Registrar of Companies (Telangana) raised objections regarding compliance with Section 8 of the Companies Act, 2013, which pertains to companies with charitable
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M/s Reconstructive…
All the Directors of the Corporate person made…
The case pertains to a Company Petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary liquidation of M/s Reconstructive Surgery India. The company was incorporated under the Companies Act, 1956, and later, the directors declared their intention for voluntary liquidation. The Board of Directors passed a resolution for voluntary liquidation as they failed to obtain necessary approval under the Foreign Contribution Regulation Act, hindering their ability to raise foreign funds. Shareholders then passed a special resolution to liquidate the company and appointed Mr. Shailesh Baheti as the liquidator. The liquidator issued public announcements, and no claims were received from stakeholders. The outstanding amount to the creditors was
…M/s Reconstructive Surgery India, a company incorporated under the Companies Act, 1956, sought voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company's directors declared their intention for voluntary liquidation, citing their inability to obtain approval under the Foreign Contribution Regulation Act. The shareholders passed a special resolution to liquidate the company and appointed Mr. Shailesh Baheti as the liquidator. The liquidator issued public announcements, and no claims were received from stakeholders. All outstanding amounts to creditors were paid in full. The Registrar of Companies (Telangana) raised objections regarding compliance with Section 8 of the Companies Act, 2013, which pertains to companies with charitable
…M/s Reconstructive…
All the Directors of the Corporate person made…