Win Hide Private Limited filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP). Aleena Leather Exports filed an application (IA/1171(CHE)/2024) seeking to dismiss the petition.
Win Hide Private Limited filed CP(IB)/9(CHE)/2023 under Section 10 of IBC, 2016, for initiating CIRP.
Aleena Leather Exports filed IA/1171(CHE)/2024 seeking to dismiss the petition.
The Corporate Applicant disclosed a total default of Rs. 23,42,08,917/-.
Operational creditors raised objections regarding ledger misstatements, qualifications in the audit report, and irregular income tax returns.
The Corporate Applicant had proposed Mr. Y.N. Ramachandran as the IRP, but his AFA was not valid.
The Tribunal found that the objections raised by the operational creditors were unsubstantiated.
The Tribunal admitted the petition under Section 10 of the IBC, 2016, and initiated CIRP against Win Hide Private Limited.
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The present petition…
Order pronoun…
Win Hide Private Limited filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process (CIRP). Aleena Leather Exports filed an application (IA/1171(CHE)/2024) seeking to dismiss the petition.
Win Hide Private Limited filed CP(IB)/9(CHE)/2023 under Section 10 of IBC, 2016, for initiating CIRP.
Aleena Leather Exports filed IA/1171(CHE)/2024 seeking to dismiss the petition.
The Corporate Applicant disclosed a total default of Rs. 23,42,08,917/-.
Operational creditors raised objections regarding ledger misstatements, qualifications in the audit report, and irregular income tax returns.
The Corporate Applicant had proposed Mr. Y.N. Ramachandran as the IRP, but his AFA was not valid.
The Tribunal found that the objections raised by the operational creditors were unsubstantiated.
The Tribunal admitted the petition under Section 10 of the IBC, 2016, and initiated CIRP against Win Hide Private Limited.
…The present petition…
Order pronoun…