The case pertains to an application filed by the Special Engineering (Halol) Private Limited through its liquidator, Mr. Bhavan Trivedi, for dissolution of the corporate person under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 38 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. The company was incorporated in 1979 and decided to undergo voluntary liquidation due to a lack of new business opportunities. The board of directors resolved to liquidate the company's affairs, and a special resolution was passed in an extraordinary general meeting held on May 11, 2022, to liquidate the company voluntarily. CA Bhavan Trivedi was appointed as the liquidator.
Special Engineering (Halol) Private Limited, incorporated on September 1, 1979, decided to undergo voluntary liquidation due to the absence of new business opportunities. The company's authorized share capital was Rs. 20,00,000, divided into 20,000 equity shares of Rs. 100 each, while the issued, subscribed, and paid-up share capital was Rs. 7,71,000, divided into 7,710 shares. The board of directors resolved to liquidate the company, and a special resolution was passed on May 11, 2022. Mr. Bhavan Trivedi was appointed as the liquidator. The liquidator made public announcements and submitted preliminary reports. A separate bank account was opened and subsequently closed. Claims were received from 20 shareholders amounting to Rs. 7,71,000, which were verified and
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Special Engineering…
An extra ordinary general meeting was held,…
The case pertains to an application filed by the Special Engineering (Halol) Private Limited through its liquidator, Mr. Bhavan Trivedi, for dissolution of the corporate person under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 38 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017. The company was incorporated in 1979 and decided to undergo voluntary liquidation due to a lack of new business opportunities. The board of directors resolved to liquidate the company's affairs, and a special resolution was passed in an extraordinary general meeting held on May 11, 2022, to liquidate the company voluntarily. CA Bhavan Trivedi was appointed as the liquidator.
Special Engineering (Halol) Private Limited, incorporated on September 1, 1979, decided to undergo voluntary liquidation due to the absence of new business opportunities. The company's authorized share capital was Rs. 20,00,000, divided into 20,000 equity shares of Rs. 100 each, while the issued, subscribed, and paid-up share capital was Rs. 7,71,000, divided into 7,710 shares. The board of directors resolved to liquidate the company, and a special resolution was passed on May 11, 2022. Mr. Bhavan Trivedi was appointed as the liquidator. The liquidator made public announcements and submitted preliminary reports. A separate bank account was opened and subsequently closed. Claims were received from 20 shareholders amounting to Rs. 7,71,000, which were verified and
…Special Engineering…
An extra ordinary general meeting was held,…