The case pertains to a Company Petition filed by Thermax Sustainable Energy Solutions Limited seeking to initiate voluntary liquidation proceedings under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The company was incorporated under the Companies Act, 1956 on December 23, 1987, with the objective of dealing with spray painting and finishing. The Board of Directors decided to suspend business operations indefinitely due to uncertainties in the CER market. The company has had no operations since 2015. A resolution was passed on April 2, 2021, to voluntarily liquidate the company, subject to member approval.
Thermax Sustainable Energy Solutions Limited filed a petition for voluntary liquidation under Section 59 of the IBC. The company was incorporated in 1987 and aimed to deal with spray painting and finishing. Due to business uncertainties, operations were suspended in 2015. On April 2, 2021, a resolution was passed to voluntarily liquidate the company, pending member approval. An Extraordinary General Meeting on April 5, 2021, saw members consenting to the liquidation and appointing Dinesh Gopal Mundada as liquidator. Liquidation commenced on April 5, 2021. The liquidator made public announcements and submitted preliminary reports. The liquidator surrendered the GST certificate on February 28, 2022, and submitted a final report on June 10, 2022. The authorized share
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Thermax Sustainable…
Board of Directors decided to…
The case pertains to a Company Petition filed by Thermax Sustainable Energy Solutions Limited seeking to initiate voluntary liquidation proceedings under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The company was incorporated under the Companies Act, 1956 on December 23, 1987, with the objective of dealing with spray painting and finishing. The Board of Directors decided to suspend business operations indefinitely due to uncertainties in the CER market. The company has had no operations since 2015. A resolution was passed on April 2, 2021, to voluntarily liquidate the company, subject to member approval.
Thermax Sustainable Energy Solutions Limited filed a petition for voluntary liquidation under Section 59 of the IBC. The company was incorporated in 1987 and aimed to deal with spray painting and finishing. Due to business uncertainties, operations were suspended in 2015. On April 2, 2021, a resolution was passed to voluntarily liquidate the company, pending member approval. An Extraordinary General Meeting on April 5, 2021, saw members consenting to the liquidation and appointing Dinesh Gopal Mundada as liquidator. Liquidation commenced on April 5, 2021. The liquidator made public announcements and submitted preliminary reports. The liquidator surrendered the GST certificate on February 28, 2022, and submitted a final report on June 10, 2022. The authorized share
…Thermax Sustainable…
Board of Directors decided to…