M/s. Kundan Jewellers & Exporters Private Limited, a company incorporated in 2024 for jewellery business, never commenced commercial operations and had no debts or liabilities. The Board of Directors and shareholders approved its voluntary liquidation under Section 59 of the IBC, 2016, and appointed Mr. Manjeet Bucha as the Liquidator. The petition was filed seeking dissolution of the Corporate Person.
The Petition was filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 9 of the IBBI (Voluntary Liquidation Process) Regulations, 2017.
M/s. Kundan Jewellers & Exporters Private Limited (the Corporate Person) was incorporated on 14.03.2024 under the Companies Act, 2013, with its registered office in Hyderabad, Telangana.
The Corporate Person's authorized, issued, subscribed, and paid-up share capital is Rs.50,00,000/-.
The shareholders are Satish Kumar Agarwal (52%) and Radhika Agarwal (48%).
The company was incorporated for manufacturing, trading, and exporting jewellery but remained at a nascent stage and did not commence commercial operations.
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Kundan Jewellers & Exporters Private Limited was…
The Board of Directors approved the proposal…
M/s. Kundan Jewellers & Exporters Private Limited, a company incorporated in 2024 for jewellery business, never commenced commercial operations and had no debts or liabilities. The Board of Directors and shareholders approved its voluntary liquidation under Section 59 of the IBC, 2016, and appointed Mr. Manjeet Bucha as the Liquidator. The petition was filed seeking dissolution of the Corporate Person.
The Petition was filed under Section 59 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 9 of the IBBI (Voluntary Liquidation Process) Regulations, 2017.
M/s. Kundan Jewellers & Exporters Private Limited (the Corporate Person) was incorporated on 14.03.2024 under the Companies Act, 2013, with its registered office in Hyderabad, Telangana.
The Corporate Person's authorized, issued, subscribed, and paid-up share capital is Rs.50,00,000/-.
The shareholders are Satish Kumar Agarwal (52%) and Radhika Agarwal (48%).
The company was incorporated for manufacturing, trading, and exporting jewellery but remained at a nascent stage and did not commence commercial operations.
…Kundan Jewellers & Exporters Private Limited was…
The Board of Directors approved the proposal…