Fifty-eight individuals (Applicants/Financial Creditors) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Amar Jyoti Universe Nidhi Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The application was based on the Corporate Debtor's failure to repay matured deposits, which the Applicants had invested over a period, and for which deposit confirmation certificates were issued. The total amount in default was Rs. 1,25,91,300/-.
An application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by 58 individuals.
The Applicants are identified as Financial Creditors, and M/s Amar Jyoti Universe Nidhi Limited is the Corporate Debtor.
The Corporate Debtor was incorporated on 01.12.2016, with its registered office at Jalandhari Sarai, Budaun U.P. 243601.
The Applicants initially proposed Mr. Kanahiya Lal Goyal as the Interim Resolution Professional (IRP).
The total amount in default is Rs. 1,25,91,300/-.
The dates of default range from 16.09.2024 to 05.05.2025, and the default is continuing.
Applicants individually invested various amounts with the Corporate Debtor between 02.04.2022 and 16.09.2022.
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M/s Amar Jyoti Universe…
Applicants began…
Fifty-eight individuals (Applicants/Financial Creditors) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Amar Jyoti Universe Nidhi Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The application was based on the Corporate Debtor's failure to repay matured deposits, which the Applicants had invested over a period, and for which deposit confirmation certificates were issued. The total amount in default was Rs. 1,25,91,300/-.
An application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, by 58 individuals.
The Applicants are identified as Financial Creditors, and M/s Amar Jyoti Universe Nidhi Limited is the Corporate Debtor.
The Corporate Debtor was incorporated on 01.12.2016, with its registered office at Jalandhari Sarai, Budaun U.P. 243601.
The Applicants initially proposed Mr. Kanahiya Lal Goyal as the Interim Resolution Professional (IRP).
The total amount in default is Rs. 1,25,91,300/-.
The dates of default range from 16.09.2024 to 05.05.2025, and the default is continuing.
Applicants individually invested various amounts with the Corporate Debtor between 02.04.2022 and 16.09.2022.
…M/s Amar Jyoti Universe…
Applicants began…