The application was filed by Candid Guard Services Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP).
The Corporate Applicant, Candid Guard Services Private Limited, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Applicant faced financial difficulties due to the discontinuation of assistance from DGR, the introduction of GST, and the COVID-19 pandemic.
The Corporate Applicant has five Financial Creditors amounting to Rs. 1,72,70,919/-.
The Corporate Applicant has five Operational Creditors amounting to Rs. 61,81,972/-.
The Corporate Applicant has Statutory Liabilities amounting to Rs. 4,32,67,680/-.
The Corporate Applicant defaulted in repayment of debts amounting to more than Rs 1 Crore.
The Adjudicating Authority admitted the application and declared a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016.
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The present application…
Date of Pronou…
The application was filed by Candid Guard Services Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP).
The Corporate Applicant, Candid Guard Services Private Limited, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.
The Corporate Applicant faced financial difficulties due to the discontinuation of assistance from DGR, the introduction of GST, and the COVID-19 pandemic.
The Corporate Applicant has five Financial Creditors amounting to Rs. 1,72,70,919/-.
The Corporate Applicant has five Operational Creditors amounting to Rs. 61,81,972/-.
The Corporate Applicant has Statutory Liabilities amounting to Rs. 4,32,67,680/-.
The Corporate Applicant defaulted in repayment of debts amounting to more than Rs 1 Crore.
The Adjudicating Authority admitted the application and declared a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016.
…The present application…
Date of Pronou…