The case pertains to a Company Petition filed by Alliance Restaurant & Bars Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiation of the Corporate Insolvency Resolution Process (CIRP). The corporate applicant, incorporated on 11.09.2011, is engaged in the business of Hotel and Restaurants. The shareholders and the board of directors passed resolutions approving the filing of the application for CIRP.
Alliance Restaurant & Bars Private Limited filed a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The company, incorporated on 11.09.2011, operates in the hotel and restaurant business. The company's registered office is located in Mumbai. The shareholders passed a resolution on 02.04.2019, and the Board of Directors passed a resolution on 24.05.2019, approving the filing of the application for CIRP. The corporate applicant stated that the total debt payable is Rs. 6,59,96,736/-. The applicant also owes Rs. 11,10,048/- to the Government of India towards VAT, PF damages and Profession Tax Payable. The petition included various documents such as resolutions,
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Alliance Restaurant &…
Shareholders of the Corporate Applicant passed…
The case pertains to a Company Petition filed by Alliance Restaurant & Bars Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiation of the Corporate Insolvency Resolution Process (CIRP). The corporate applicant, incorporated on 11.09.2011, is engaged in the business of Hotel and Restaurants. The shareholders and the board of directors passed resolutions approving the filing of the application for CIRP.
Alliance Restaurant & Bars Private Limited filed a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The company, incorporated on 11.09.2011, operates in the hotel and restaurant business. The company's registered office is located in Mumbai. The shareholders passed a resolution on 02.04.2019, and the Board of Directors passed a resolution on 24.05.2019, approving the filing of the application for CIRP. The corporate applicant stated that the total debt payable is Rs. 6,59,96,736/-. The applicant also owes Rs. 11,10,048/- to the Government of India towards VAT, PF damages and Profession Tax Payable. The petition included various documents such as resolutions,
…Alliance Restaurant &…
Shareholders of the Corporate Applicant passed…