The case pertains to the voluntary liquidation of M/s. Shree Jaysurya Steels Private Limited under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The company, incorporated in 2006, engaged in the steel business. The Board of Directors decided to initiate voluntary liquidation due to the age of the directors and assessed that the company could pay its debts in full from the proceeds of its assets. A resolution for voluntary liquidation was passed on 2024-02-24, and the directors executed a declaration of solvency. Chandrasekar Lakshmishankar was appointed as the liquidator.
M/s. Shree Jaysurya Steels Private Limited, incorporated on 2006-03-29, decided to undergo voluntary liquidation due to the age of its directors. The company's authorized and issued share capital was Rs. 75,00,000. The Board of Directors passed a resolution for voluntary liquidation on 2024-02-24. Directors Senthilkumar Venkatesan and V. Ravichandran executed a declaration stating the company had no debts and could pay its debts in full from asset sales. Chandrasekar Lakshmishankar was appointed as the liquidator. An Extraordinary General Meeting (EGM) on 2024-02-28 approved the voluntary liquidation. The liquidator conducted the voluntary liquidation process according to IBBI regulations, including intimating the Income Tax and GST offices. The Income Tax Department
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M/s. Shree Jaysurya…
The Board of Directors…
The case pertains to the voluntary liquidation of M/s. Shree Jaysurya Steels Private Limited under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The company, incorporated in 2006, engaged in the steel business. The Board of Directors decided to initiate voluntary liquidation due to the age of the directors and assessed that the company could pay its debts in full from the proceeds of its assets. A resolution for voluntary liquidation was passed on 2024-02-24, and the directors executed a declaration of solvency. Chandrasekar Lakshmishankar was appointed as the liquidator.
M/s. Shree Jaysurya Steels Private Limited, incorporated on 2006-03-29, decided to undergo voluntary liquidation due to the age of its directors. The company's authorized and issued share capital was Rs. 75,00,000. The Board of Directors passed a resolution for voluntary liquidation on 2024-02-24. Directors Senthilkumar Venkatesan and V. Ravichandran executed a declaration stating the company had no debts and could pay its debts in full from asset sales. Chandrasekar Lakshmishankar was appointed as the liquidator. An Extraordinary General Meeting (EGM) on 2024-02-28 approved the voluntary liquidation. The liquidator conducted the voluntary liquidation process according to IBBI regulations, including intimating the Income Tax and GST offices. The Income Tax Department
…M/s. Shree Jaysurya…
The Board of Directors…