Krisfo Infotech Solutions Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary initiation of Corporate Insolvency Resolution Process (CIRP) as it failed to discharge its obligations to pay its creditors.
Krisfo Infotech Solutions Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Applicant defaulted in repayment of its liabilities amounting to Rs. 8,03,12,328/-.
The Corporate Applicant ceased operations, vacated its godown premises, and laid off all employees.
CMS IT Services Private Limited, an operational creditor, filed objections stating that the outstanding amount payable to it was incorrectly reflected in the list of operational creditors.
Hinduja Leyland Finance Ltd., another creditor, filed objections stating that the Corporate Debtor had suppressed the fact that a demand notice under Section 13(2) of the SARFAESI Act had been issued and possession of the secured asset had been taken.
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The Corporate Applicant is a Company…
The Corporate Applicant initially received…
Krisfo Infotech Solutions Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking voluntary initiation of Corporate Insolvency Resolution Process (CIRP) as it failed to discharge its obligations to pay its creditors.
Krisfo Infotech Solutions Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Applicant defaulted in repayment of its liabilities amounting to Rs. 8,03,12,328/-.
The Corporate Applicant ceased operations, vacated its godown premises, and laid off all employees.
CMS IT Services Private Limited, an operational creditor, filed objections stating that the outstanding amount payable to it was incorrectly reflected in the list of operational creditors.
Hinduja Leyland Finance Ltd., another creditor, filed objections stating that the Corporate Debtor had suppressed the fact that a demand notice under Section 13(2) of the SARFAESI Act had been issued and possession of the secured asset had been taken.
…The Corporate Applicant is a Company…
The Corporate Applicant initially received…