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) due to its inability to pay its financial and operational debts, which arose from a sudden termination of an agreement by FIS Payment Solutions Pvt Ltd and the impact of the COVID-19 pandemic.
Shresth Detective and Securities 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). The company was incorporated on August 19, 2004, with an authorized capital of Rs. 35,00,000/- and a paid-up capital of Rs. 25,00,000/-. The total outstanding dues as of May 31, 2022, amounted to Rs. 13,70,01,145/-, comprising financial debt of Rs. 1,07,12,540/- and operational debts of Rs. 12,62,88,605/-.
…Shresth Detective and…
Agreement for providing security services was…
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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) due to its inability to pay its financial and operational debts, which arose from a sudden termination of an agreement by FIS Payment Solutions Pvt Ltd and the impact of the COVID-19 pandemic.
Shresth Detective and Securities 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). The company was incorporated on August 19, 2004, with an authorized capital of Rs. 35,00,000/- and a paid-up capital of Rs. 25,00,000/-. The total outstanding dues as of May 31, 2022, amounted to Rs. 13,70,01,145/-, comprising financial debt of Rs. 1,07,12,540/- and operational debts of Rs. 12,62,88,605/-.
…Shresth Detective and…
Agreement for providing security services was…
Sign in to view related legal provisions.