Kunal Industries Private Limited filed a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process. The Corporate Applicant's registered office is located in Pune. The shareholders passed a Special Resolution in an Extra Ordinary General Meeting held on 28.02.2018 to file the application. The Corporate Applicant disclosed outstanding dues of Rs. 2,63,00,000/- to financial creditors, with Rs. 67,47,446/- in default, and Rs. 58,47,661/- due to unsecured financial creditors, also in default. Additionally, Rs. 1,07,73,314/- is due to operational creditors and is in default.
Kunal Industries Private Limited filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The company's registered office is in Pune. A Special Resolution was passed on 2018-02-28 to authorize the filing of the application. The company disclosed that it owes Rs. 2,63,00,000 to financial creditors, with Rs. 67,47,446 in default. It also owes Rs. 58,47,661 to unsecured financial creditors, which is also in default. Furthermore, Rs. 1,07,73,314 is owed to operational creditors and is in default. The company enclosed sanction letters from financial creditors and demand notices. An arbitral award dated 2016-01-21 was passed against the company for Rs. 14,35,978 with interest. The
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Kunal Industries…
An arbitral award was passed against the…
Kunal Industries Private Limited filed a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process. The Corporate Applicant's registered office is located in Pune. The shareholders passed a Special Resolution in an Extra Ordinary General Meeting held on 28.02.2018 to file the application. The Corporate Applicant disclosed outstanding dues of Rs. 2,63,00,000/- to financial creditors, with Rs. 67,47,446/- in default, and Rs. 58,47,661/- due to unsecured financial creditors, also in default. Additionally, Rs. 1,07,73,314/- is due to operational creditors and is in default.
Kunal Industries Private Limited filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The company's registered office is in Pune. A Special Resolution was passed on 2018-02-28 to authorize the filing of the application. The company disclosed that it owes Rs. 2,63,00,000 to financial creditors, with Rs. 67,47,446 in default. It also owes Rs. 58,47,661 to unsecured financial creditors, which is also in default. Furthermore, Rs. 1,07,73,314 is owed to operational creditors and is in default. The company enclosed sanction letters from financial creditors and demand notices. An arbitral award dated 2016-01-21 was passed against the company for Rs. 14,35,978 with interest. The
…Kunal Industries…
An arbitral award was passed against the…