The Corporate Applicant, Panchkoti Traders Private Limited, filed a petition under section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate its own Corporate Insolvency Resolution Process (CIRP) due to financial distress and inability to pay its debts.
Panchkoti Traders Private Limited, the Corporate Applicant, filed a petition under section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against itself. The application was supported by a Board Resolution dated February 26, 2021, authorizing its Director, Mr. Pratush Drolia, to file the application. This resolution was annexed as Annexure-B to the application.
…Board Resolution passed…
Members of the Corporate Applicant gave consent…
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The Corporate Applicant, Panchkoti Traders Private Limited, filed a petition under section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate its own Corporate Insolvency Resolution Process (CIRP) due to financial distress and inability to pay its debts.
Panchkoti Traders Private Limited, the Corporate Applicant, filed a petition under section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against itself. The application was supported by a Board Resolution dated February 26, 2021, authorizing its Director, Mr. Pratush Drolia, to file the application. This resolution was annexed as Annexure-B to the application.
…Board Resolution passed…
Members of the Corporate Applicant gave consent…
Sign in to view related legal provisions.