The case pertains to an application filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, for the dissolution of Sanyo LSI Technology India Private Limited. The company initiated voluntary liquidation, and the liquidator, Shri Kondisetty Dushyantha Kumar, filed the application after completing the liquidation process. The company was incorporated in 1998 and its board of directors recommended voluntary liquidation on 13.06.2023, executing a Declaration of Solvency. The company passed a special resolution to liquidate voluntarily on 22.06.2023.
Sanyo LSI Technology India Private Limited was incorporated on 29.05.1998 under the Companies Act, 1956. Its authorized share capital was Rs.6,20,00,000/- divided into 62,00,000 Equity Shares of Rs.10/- each, with an issued and paid-up capital of Rs.6,11,25,020/- divided into 61,12,502 Equity Shares. The company's main objects included developing designs for integrated circuits. The Board of Directors recommended voluntary liquidation on 13.06.2023, and a Declaration of Solvency was executed. The company passed a special resolution to liquidate voluntarily on 22.06.2023, appointing Shri Kondisetty Dushyantha Kumar as Liquidator. The commencement of liquidation was intimated to the RoC and the Income Tax Authority. The liquidator made public announcements and submitted
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Sanyo LSI Technology…
The Board of Directors recommended voluntary…
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The case pertains to an application filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, for the dissolution of Sanyo LSI Technology India Private Limited. The company initiated voluntary liquidation, and the liquidator, Shri Kondisetty Dushyantha Kumar, filed the application after completing the liquidation process. The company was incorporated in 1998 and its board of directors recommended voluntary liquidation on 13.06.2023, executing a Declaration of Solvency. The company passed a special resolution to liquidate voluntarily on 22.06.2023.
Sanyo LSI Technology India Private Limited was incorporated on 29.05.1998 under the Companies Act, 1956. Its authorized share capital was Rs.6,20,00,000/- divided into 62,00,000 Equity Shares of Rs.10/- each, with an issued and paid-up capital of Rs.6,11,25,020/- divided into 61,12,502 Equity Shares. The company's main objects included developing designs for integrated circuits. The Board of Directors recommended voluntary liquidation on 13.06.2023, and a Declaration of Solvency was executed. The company passed a special resolution to liquidate voluntarily on 22.06.2023, appointing Shri Kondisetty Dushyantha Kumar as Liquidator. The commencement of liquidation was intimated to the RoC and the Income Tax Authority. The liquidator made public announcements and submitted
…Sanyo LSI Technology…
The Board of Directors recommended voluntary…
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