The case pertains to an application filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking voluntary liquidation of M/s. Sun Green Trading and Services Private Limited. The company was incorporated on 18.10.2019 under the Companies Act, 2013, with the object of trading in various goods. The company had not commenced any business operations since its inception and had limited assets consisting of cash and bank deposits. The Board of Directors approved a declaration of solvency and a resolution to liquidate the company voluntarily.
M/s. Sun Green Trading and Services Private Limited was incorporated on 18.10.2019 under the Companies Act, 2013, with the intention of engaging in trading activities. However, the company did not commence any business operations since its inception. The company's assets were limited to cash and bank deposits. The Board of Directors approved a declaration of solvency and a resolution to undergo voluntary liquidation. An extraordinary general meeting (EGM) was held on 10.10.2022, where the members approved the voluntary liquidation process and appointed a liquidator. A special resolution was passed by the shareholders on the same date. Public announcements regarding the liquidation were made in Trinity Mirror (English) and Makkal Kural (Tamil) on 12.10.2022. The last
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M/s. Sun Green Trading and Services Private…
Declaration of Solvency dated 06.10.2022 is…
The case pertains to an application filed under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seeking voluntary liquidation of M/s. Sun Green Trading and Services Private Limited. The company was incorporated on 18.10.2019 under the Companies Act, 2013, with the object of trading in various goods. The company had not commenced any business operations since its inception and had limited assets consisting of cash and bank deposits. The Board of Directors approved a declaration of solvency and a resolution to liquidate the company voluntarily.
M/s. Sun Green Trading and Services Private Limited was incorporated on 18.10.2019 under the Companies Act, 2013, with the intention of engaging in trading activities. However, the company did not commence any business operations since its inception. The company's assets were limited to cash and bank deposits. The Board of Directors approved a declaration of solvency and a resolution to undergo voluntary liquidation. An extraordinary general meeting (EGM) was held on 10.10.2022, where the members approved the voluntary liquidation process and appointed a liquidator. A special resolution was passed by the shareholders on the same date. Public announcements regarding the liquidation were made in Trinity Mirror (English) and Makkal Kural (Tamil) on 12.10.2022. The last
…M/s. Sun Green Trading and Services Private…
Declaration of Solvency dated 06.10.2022 is…