Minesh Prints Limited filed a company petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The company, incorporated on 20/02/1992, has a registered office in Mumbai and a paid-up share capital of ₹82,77,000/-. The shareholders passed a special resolution on 13.11.2019 to file the application for CIRP.
Minesh Prints Limited, the Corporate Applicant, filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiation of CIRP. The company's registered office is in Mumbai, and it was incorporated on 20/02/1992. The shareholders passed a special resolution on 13.11.2019 to file the application. The company owes ₹1,52,10,392/- to unsecured financial creditors and ₹16,91,97,339/- to operational creditors, totaling ₹18,44,07,731/-. The operational debt has been outstanding for more than six months, and some creditors have initiated recovery actions. The company has no secured loans outstanding except for one with Bank of Baroda, which has been paid off. The petition included demand notices from operational creditors, details of debts, a release
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Minesh Prints…
Shareholders passed a special resolution for…
Minesh Prints Limited filed a company petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The company, incorporated on 20/02/1992, has a registered office in Mumbai and a paid-up share capital of ₹82,77,000/-. The shareholders passed a special resolution on 13.11.2019 to file the application for CIRP.
Minesh Prints Limited, the Corporate Applicant, filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiation of CIRP. The company's registered office is in Mumbai, and it was incorporated on 20/02/1992. The shareholders passed a special resolution on 13.11.2019 to file the application. The company owes ₹1,52,10,392/- to unsecured financial creditors and ₹16,91,97,339/- to operational creditors, totaling ₹18,44,07,731/-. The operational debt has been outstanding for more than six months, and some creditors have initiated recovery actions. The company has no secured loans outstanding except for one with Bank of Baroda, which has been paid off. The petition included demand notices from operational creditors, details of debts, a release
…Minesh Prints…
Shareholders passed a special resolution for…