The case pertains to an application filed by Chiraayush Stock Consultants Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant company, incorporated on 18.12.2006, claimed default in repayment of its debts. The application was filed by Mr. Anil Kumar Gupta, authorized by a Board Resolution dated 03.08.2019. The company aimed to overcome its distress situation and restructure its debts through the CIRP.
Chiraayush Stock Consultants Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The company was incorporated on 18.12.2006. The application was filed by Mr. Anil Kumar Gupta, authorized by a Board Resolution dated 03.08.2019. The company has 5 secured creditors. As of 31st March 2019, the total amount in default was Rs. 17,16,18,548/-. The corporate debtor placed demand letters issued by financial creditors as proof of default. The applicant affirmed that it is not disqualified under Section 11 of the Code. The company also filed copies of audited financial statements for the financial years 2017-18 and 2018-19 and provisional statements. The applicant
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Chiraayush Stock Consultants Private Limited…
The total amount in…
The case pertains to an application filed by Chiraayush Stock Consultants Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The applicant company, incorporated on 18.12.2006, claimed default in repayment of its debts. The application was filed by Mr. Anil Kumar Gupta, authorized by a Board Resolution dated 03.08.2019. The company aimed to overcome its distress situation and restructure its debts through the CIRP.
Chiraayush Stock Consultants Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The company was incorporated on 18.12.2006. The application was filed by Mr. Anil Kumar Gupta, authorized by a Board Resolution dated 03.08.2019. The company has 5 secured creditors. As of 31st March 2019, the total amount in default was Rs. 17,16,18,548/-. The corporate debtor placed demand letters issued by financial creditors as proof of default. The applicant affirmed that it is not disqualified under Section 11 of the Code. The company also filed copies of audited financial statements for the financial years 2017-18 and 2018-19 and provisional statements. The applicant
…Chiraayush Stock Consultants Private Limited…
The total amount in…