The case pertains to a Company Petition filed by Mr. Anish Gupta, the Liquidator of Newport Investment Advisors Private Limited, seeking dissolution of the company under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 38 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017.
Mr. Anish Gupta, the Liquidator of Newport Investment Advisors Private Limited, filed the Company Petition.
Newport Investment Advisors Private Limited decided to close its business due to a lack of future prospects and opted for voluntary liquidation.
The directors of the company declared solvency via affidavit, stating that the company had no debt and was not being liquidated to defraud anyone.
A special resolution was passed in a shareholders' meeting on 19.09.2024 under Section 59 of the Code.
Public announcements regarding the commencement of liquidation were made in the 'Free Press Journal' and 'Navashakti' on 21.09.2024.
The liquidator received no claims from stakeholders.
The liquidator informed the Income-tax Authority about the commencement of voluntary liquidation.
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The Corporate Person decided to close down…
Directors declared via Affidavit that they have…
The case pertains to a Company Petition filed by Mr. Anish Gupta, the Liquidator of Newport Investment Advisors Private Limited, seeking dissolution of the company under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 38 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017.
Mr. Anish Gupta, the Liquidator of Newport Investment Advisors Private Limited, filed the Company Petition.
Newport Investment Advisors Private Limited decided to close its business due to a lack of future prospects and opted for voluntary liquidation.
The directors of the company declared solvency via affidavit, stating that the company had no debt and was not being liquidated to defraud anyone.
A special resolution was passed in a shareholders' meeting on 19.09.2024 under Section 59 of the Code.
Public announcements regarding the commencement of liquidation were made in the 'Free Press Journal' and 'Navashakti' on 21.09.2024.
The liquidator received no claims from stakeholders.
The liquidator informed the Income-tax Authority about the commencement of voluntary liquidation.
…The Corporate Person decided to close down…
Directors declared via Affidavit that they have…