The case involves an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Gouri Iron & Steel Private Limited, the Corporate Applicant, filed the application for initiation of Corporate Insolvency Resolution Process (CIRP) against itself. The application was filed through its Director, Mr. Sumrit Mondal, authorized by a Board Resolution dated 24.12.2019. The Corporate Applicant was incorporated on 14.03.2002 and is involved in the business of casting and rolling mill plant for producing iron and steel ingots, iron and steel makers, processors, smelters, foundries, etc.
Gouri Iron & Steel Private Limited (CIN: U27101WB2002PTC094371), incorporated on 14.03.2002, engaged in casting and rolling mill plant operations, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against itself. The application was filed through its Director, Mr. Sumrit Mondal, authorized by a Board Resolution dated 24.12.2019. The Corporate Applicant stated that it was unable to pay a sum of Rs.1,88,76,99,404/- to its operational creditors due to suffering losses. Demand notices were issued by some operational creditors. The members of the Corporate Applicant consented to the application through a resolution passed in an Extra Ordinary General Meeting held on
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Gouri Iron & Steel…
Board Resolution passed…
The case involves an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Gouri Iron & Steel Private Limited, the Corporate Applicant, filed the application for initiation of Corporate Insolvency Resolution Process (CIRP) against itself. The application was filed through its Director, Mr. Sumrit Mondal, authorized by a Board Resolution dated 24.12.2019. The Corporate Applicant was incorporated on 14.03.2002 and is involved in the business of casting and rolling mill plant for producing iron and steel ingots, iron and steel makers, processors, smelters, foundries, etc.
Gouri Iron & Steel Private Limited (CIN: U27101WB2002PTC094371), incorporated on 14.03.2002, engaged in casting and rolling mill plant operations, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against itself. The application was filed through its Director, Mr. Sumrit Mondal, authorized by a Board Resolution dated 24.12.2019. The Corporate Applicant stated that it was unable to pay a sum of Rs.1,88,76,99,404/- to its operational creditors due to suffering losses. Demand notices were issued by some operational creditors. The members of the Corporate Applicant consented to the application through a resolution passed in an Extra Ordinary General Meeting held on
…Gouri Iron & Steel…
Board Resolution passed…