The Liquidator of Sri Janardhana Credits Limited filed a Company Petition under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of the company after completing the voluntary liquidation process.
Sri Janardhana Credits Limited was incorporated on May 23, 1988, under the Companies Act, 1956. Its registered office is in Coimbatore, with an authorized capital of Rs. 2,10,00,000 and a paid-up capital of Rs. 2,00,02,000. The company's primary business was to act as financiers, providing financing for various operations, including managing, purchasing, selling, hiring, and hire-purchase financing, and dealing in movable and immovable property. The Reserve Bank of India (RBI) cancelled the company's NBFC license on June 11, 2020 , via order DoS/CHe No. 933/13.23.621/2019-20. Following this, the directors decided to cease operations as the company was no longer conducting business or earning profits. The Board of Directors passed a resolution for voluntary liquidation
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Sri Janardhana Credits…
RBI cancelled the NBFC license of the…
The Liquidator of Sri Janardhana Credits Limited filed a Company Petition under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking the dissolution of the company after completing the voluntary liquidation process.
Sri Janardhana Credits Limited was incorporated on May 23, 1988, under the Companies Act, 1956. Its registered office is in Coimbatore, with an authorized capital of Rs. 2,10,00,000 and a paid-up capital of Rs. 2,00,02,000. The company's primary business was to act as financiers, providing financing for various operations, including managing, purchasing, selling, hiring, and hire-purchase financing, and dealing in movable and immovable property. The Reserve Bank of India (RBI) cancelled the company's NBFC license on June 11, 2020 , via order DoS/CHe No. 933/13.23.621/2019-20. Following this, the directors decided to cease operations as the company was no longer conducting business or earning profits. The Board of Directors passed a resolution for voluntary liquidation
…Sri Janardhana Credits…
RBI cancelled the NBFC license of the…