Ram Chandran Traders Private Limited, the Corporate Debtor, filed an application 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, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against itself. The company, incorporated on 23.12.2011, reported severe financial distress and defaults towards its creditors, including substantial statutory dues to the Commercial Taxes Department, amounting to an aggregate default of Rs. 72,90,75,921/-. The application was authorized by resolutions of its Board of Directors and shareholders, and it proposed Mr. K. J. Vinod as the Interim Resolution Professional.
Ram Chandran Traders Private Limited (Corporate Debtor) filed an application under Section 10 of the IBC, 2016, seeking initiation of CIRP against itself.
The Corporate Debtor was incorporated on 23.12.2011 under the Companies Act, 1956, with an Authorized Capital of Rs.1,00,000/-.
The company's registered office is at No. 2 Bharathi Nagar IInd street, Villivakam, Chennai, Tamil Nadu, India – 600 049.
The Corporate Debtor has suffered severe financial distress and committed defaults towards its creditors.
The aggregate amount of default is Rs. 72,90,75,921/-.
A substantial portion of the liabilities arises from statutory dues payable to the Commercial Taxes Department.
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First demand notice…
Second demand notice…
Ram Chandran Traders Private Limited, the Corporate Debtor, filed an application 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, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against itself. The company, incorporated on 23.12.2011, reported severe financial distress and defaults towards its creditors, including substantial statutory dues to the Commercial Taxes Department, amounting to an aggregate default of Rs. 72,90,75,921/-. The application was authorized by resolutions of its Board of Directors and shareholders, and it proposed Mr. K. J. Vinod as the Interim Resolution Professional.
Ram Chandran Traders Private Limited (Corporate Debtor) filed an application under Section 10 of the IBC, 2016, seeking initiation of CIRP against itself.
The Corporate Debtor was incorporated on 23.12.2011 under the Companies Act, 1956, with an Authorized Capital of Rs.1,00,000/-.
The company's registered office is at No. 2 Bharathi Nagar IInd street, Villivakam, Chennai, Tamil Nadu, India – 600 049.
The Corporate Debtor has suffered severe financial distress and committed defaults towards its creditors.
The aggregate amount of default is Rs. 72,90,75,921/-.
A substantial portion of the liabilities arises from statutory dues payable to the Commercial Taxes Department.
…First demand notice…
Second demand notice…