The case pertains to a company petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary liquidation of SRDN Enterprises Private Limited. The company, incorporated on 04.06.2021, aimed to engage in the construction business but did not undertake any such activities. The Board of Directors proposed voluntary liquidation due to the lack of business prospects and long-term financial resources. A declaration of solvency was made, and a liquidator, Mr. Gorantla Madhavaiah, was appointed. The company initiated the liquidation process, including public announcements and intimation to relevant authorities.
SRDN Enterprises Private Limited, CIN: U45209TG2021PTC152025, was incorporated on 04.06.2021 with the object of carrying on the business of construction. However, the company did not engage in any construction activities. Due to the non-availability of business prospects and long-term financial resources, the Board of Directors decided to voluntarily liquidate the company. A declaration of solvency was made on 25.11.2023. Mr. Gorantla Madhavaiah was appointed as the liquidator. The shareholders passed a special resolution for liquidation on 04.12.2023. Public announcements were made on 06.12.2023, inviting claims from stakeholders. The liquidator received claim forms from stakeholders and employees before 03.01.2024. The liquidator submitted a preliminary report on
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SRDN Enterprises Private Limited was…
The Board of Directors…
The case pertains to a company petition filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary liquidation of SRDN Enterprises Private Limited. The company, incorporated on 04.06.2021, aimed to engage in the construction business but did not undertake any such activities. The Board of Directors proposed voluntary liquidation due to the lack of business prospects and long-term financial resources. A declaration of solvency was made, and a liquidator, Mr. Gorantla Madhavaiah, was appointed. The company initiated the liquidation process, including public announcements and intimation to relevant authorities.
SRDN Enterprises Private Limited, CIN: U45209TG2021PTC152025, was incorporated on 04.06.2021 with the object of carrying on the business of construction. However, the company did not engage in any construction activities. Due to the non-availability of business prospects and long-term financial resources, the Board of Directors decided to voluntarily liquidate the company. A declaration of solvency was made on 25.11.2023. Mr. Gorantla Madhavaiah was appointed as the liquidator. The shareholders passed a special resolution for liquidation on 04.12.2023. Public announcements were made on 06.12.2023, inviting claims from stakeholders. The liquidator received claim forms from stakeholders and employees before 03.01.2024. The liquidator submitted a preliminary report on
…SRDN Enterprises Private Limited was…
The Board of Directors…