Sarvaloka Services-On-Call Private Limited filed a petition under Section 10 of the IBC, 2016, seeking initiation of CIRP due to its inability to pay its debts. The company faced financial distress due to the COVID-19 pandemic and other factors, leading to a default of Rs 8,19,68,220/-.
Sarvaloka Services-On-Call Private Limited filed a petition under Section 10 of the IBC, 2016.
The company defaulted on a debt of Rs 8,19,68,220/-.
The company faced financial distress due to the COVID-19 pandemic.
The shareholders of the Corporate Applicant passed a Special Resolution in the Extraordinary General meeting held on 02.01.2024 for initiation of Corporate Insolvency Resolution Process.
The Tribunal directed the Petitioner to file certain documents on 24.04.2024.
The petition was supported with the special resolution passed by the shareholders of the Corporate Applicant.
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The Petitioner was…
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Sarvaloka Services-On-Call Private Limited filed a petition under Section 10 of the IBC, 2016, seeking initiation of CIRP due to its inability to pay its debts. The company faced financial distress due to the COVID-19 pandemic and other factors, leading to a default of Rs 8,19,68,220/-.
Sarvaloka Services-On-Call Private Limited filed a petition under Section 10 of the IBC, 2016.
The company defaulted on a debt of Rs 8,19,68,220/-.
The company faced financial distress due to the COVID-19 pandemic.
The shareholders of the Corporate Applicant passed a Special Resolution in the Extraordinary General meeting held on 02.01.2024 for initiation of Corporate Insolvency Resolution Process.
The Tribunal directed the Petitioner to file certain documents on 24.04.2024.
The petition was supported with the special resolution passed by the shareholders of the Corporate Applicant.
The Petitioner was…
The shareholders of the Corporate Applicant…