M/S REDMIL BUSINESS MALL PRIVATE LIMITED (Corporate Applicant) filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against itself. The company, engaged in digital commerce and payment services, faced severe cash flow constraints and financial distress due to non-receipt of payments from its clients, rendering it unable to discharge its liabilities to operational and financial creditors. The total debt in default amounted to Rs. 9,41,24,516/-.
The petition was filed on 30.04.2026 by Redmil Business Mall Pvt. Ltd. (Corporate Applicant) under Section 10 of the IBC, 2016.
The application seeks initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Applicant itself.
The application in Form 6 was filed through its Authorized Representative, Mr. Mahaveer Yadav, authorized by a Board Resolution dated 23.04.2026.
The Corporate Applicant was incorporated on 09.05.2018 with CIN: U74999UP2018PTC104078.
The Corporate Applicant's registered office is at 1001, 10th Floor, Tower B, Advant Navis Park, Sector-142, Noida, Uttar Pradesh-201305.
The authorized and paid-up share capital of the company is Rs. 50,00,000/- each.
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Board Resolution passed by the board of…
Mutual Services and…
M/S REDMIL BUSINESS MALL PRIVATE LIMITED (Corporate Applicant) filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against itself. The company, engaged in digital commerce and payment services, faced severe cash flow constraints and financial distress due to non-receipt of payments from its clients, rendering it unable to discharge its liabilities to operational and financial creditors. The total debt in default amounted to Rs. 9,41,24,516/-.
The petition was filed on 30.04.2026 by Redmil Business Mall Pvt. Ltd. (Corporate Applicant) under Section 10 of the IBC, 2016.
The application seeks initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Applicant itself.
The application in Form 6 was filed through its Authorized Representative, Mr. Mahaveer Yadav, authorized by a Board Resolution dated 23.04.2026.
The Corporate Applicant was incorporated on 09.05.2018 with CIN: U74999UP2018PTC104078.
The Corporate Applicant's registered office is at 1001, 10th Floor, Tower B, Advant Navis Park, Sector-142, Noida, Uttar Pradesh-201305.
The authorized and paid-up share capital of the company is Rs. 50,00,000/- each.
…Board Resolution passed by the board of…
Mutual Services and…