M/s. Sidhraj Transinfra Private Limited (Corporate Debtor) filed a petition under Section 10 of the Insolvency & Bankruptcy Code, 2016 (IBC) for initiation of Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor, engaged in transportation, suffered severe financial losses and liquidity constraints, particularly after the COVID-19 pandemic, leading to its inability to service financial and operational liabilities. The Board of Directors resolved to seek CIRP, and an Extraordinary General Meeting of shareholders authorized the filing of the application.
M/s. Sidhraj Transinfra Private Limited (Corporate Debtor/Petitioner) filed a petition under Section 10 of the IBC, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP).
The Corporate Debtor is a private company incorporated under the Companies Act, 2013, with an authorized and paid-up share capital of Rs.1,00,000/-.
The Corporate Debtor is engaged in the business of transportation and allied activities.
Due to a substantial decline in demand for its transportation services, particularly after the COVID-19 pandemic from early 2020, the Corporate Debtor suffered severe financial losses and acute liquidity constraints.
The Corporate Debtor became unable to service its financial and operational liabilities.
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The Applicant/Corporate…
The Financial Creditor sanctioned multiple…
M/s. Sidhraj Transinfra Private Limited (Corporate Debtor) filed a petition under Section 10 of the Insolvency & Bankruptcy Code, 2016 (IBC) for initiation of Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor, engaged in transportation, suffered severe financial losses and liquidity constraints, particularly after the COVID-19 pandemic, leading to its inability to service financial and operational liabilities. The Board of Directors resolved to seek CIRP, and an Extraordinary General Meeting of shareholders authorized the filing of the application.
M/s. Sidhraj Transinfra Private Limited (Corporate Debtor/Petitioner) filed a petition under Section 10 of the IBC, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP).
The Corporate Debtor is a private company incorporated under the Companies Act, 2013, with an authorized and paid-up share capital of Rs.1,00,000/-.
The Corporate Debtor is engaged in the business of transportation and allied activities.
Due to a substantial decline in demand for its transportation services, particularly after the COVID-19 pandemic from early 2020, the Corporate Debtor suffered severe financial losses and acute liquidity constraints.
The Corporate Debtor became unable to service its financial and operational liabilities.
…The Applicant/Corporate…
The Financial Creditor sanctioned multiple…