The case pertains to an application filed by M/s. Rajpal Autolink Private Company Limited under Section 10 of the Insolvency & Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP). The company claimed to have defaulted on debt payments amounting to Rs. 10,55,05,306/- to various creditors. Notices were served to all creditors and published in newspapers, but no one opposed the admission of the application.
M/s. Rajpal Autolink Private Company Limited filed an application under Section 10 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The company claimed a default in debt payment amounting to Rs. 10,55,05,306/- to various creditors. Notices were served to all creditors and published in newspapers. The Corporate Debtor produced 'Annexure –A-5', the full Statement of Account of the Corporate Person, and 'Annexure-A-2', the Special Resolution dated 24.12.2019, passed by two out of three Shareholders and the Directors resolving to file this Application and to start self- Corporate、Insolvency Resolution Process (CIRP) of the Corporate Person. 'Annexure-A-4' is the written consent of the Resolution Professional
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Order pronounced,…
Special Resolution passed by two out of three…
The case pertains to an application filed by M/s. Rajpal Autolink Private Company Limited under Section 10 of the Insolvency & Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP). The company claimed to have defaulted on debt payments amounting to Rs. 10,55,05,306/- to various creditors. Notices were served to all creditors and published in newspapers, but no one opposed the admission of the application.
M/s. Rajpal Autolink Private Company Limited filed an application under Section 10 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The company claimed a default in debt payment amounting to Rs. 10,55,05,306/- to various creditors. Notices were served to all creditors and published in newspapers. The Corporate Debtor produced 'Annexure –A-5', the full Statement of Account of the Corporate Person, and 'Annexure-A-2', the Special Resolution dated 24.12.2019, passed by two out of three Shareholders and the Directors resolving to file this Application and to start self- Corporate、Insolvency Resolution Process (CIRP) of the Corporate Person. 'Annexure-A-4' is the written consent of the Resolution Professional
…Order pronounced,…
Special Resolution passed by two out of three…