Company Closure in Vadapalani - Filingpoint


Welcome to Filingpoint Auditor for Company Closure Expert +91 72999 72500

A Filingpoint company closure is the process of permanently shutting down a business entity and ceasing all operations. This typically involves liquidating assets and settling outstanding debts. The decision to close a company may be voluntary or involuntary, and can occur for a variety of reasons.

In some cases, a company may close as part of a merger or acquisition. This can be a strategic decision that is made to streamline resources and maximize efficiency. In other cases, a company may face financial difficulties that make it unprofitable to continue operating.

Whether it's due to legal or regulatory issues, or market shifts that render the company's products obsolete or unviable, companies sometimes choose to close. This can be a stressful and difficult process for the employees, shareholders, and vendors who depend on the business for their livelihoods.

Fortis Healthcare will be selling its Vadapalani hospital facility to Sri Kauvery Medical Care (India) Ltd for Rs 152 crore, the company said in an exchange communication. The divestment will help Fortis to realize maximum value from its hospital assets and focus on its core business activities.

Madras High Court on Wednesday ordered closure of a Tasmac liquor shop in Vadapalani's Nerkundram Pathai area as the shop has been operating without any license. The court also warned the Chennai Corporation Commissioner that he will be forced to appear before the court if he fails to remove the lock and seal of the shops sealed by the Corporation without following the proper procedures.

Contact Our Filingpoint team Company Closure expert +91 72999 72500

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