The Corporate Applicant, Orbit Financial Consultants Private Limited, filed a petition under section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against itself due to financial distress, including negative net worth, continued cash losses, and inability to meet financial obligations.
Orbit Financial Consultants Private Limited, the Corporate Applicant, filed a petition under section 10 of the Insolvency and Bankruptcy Code, 2016, read with rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The petition seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against itself. The application was filed through its Director, Mr. Pratush Drolia, who was duly authorized by a Board Resolution dated June 29, 2021.
…Board Resolution passed…
Special resolution…
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The Corporate Applicant, Orbit Financial Consultants Private Limited, filed a petition under section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against itself due to financial distress, including negative net worth, continued cash losses, and inability to meet financial obligations.
Orbit Financial Consultants Private Limited, the Corporate Applicant, filed a petition under section 10 of the Insolvency and Bankruptcy Code, 2016, read with rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The petition seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against itself. The application was filed through its Director, Mr. Pratush Drolia, who was duly authorized by a Board Resolution dated June 29, 2021.
…Board Resolution passed…
Special resolution…
Sign in to view related legal provisions.