The case pertains to a petition filed by Air Carrying Corporation (India) Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against itself. The application was filed through its Director, Mr. Manoj Arya, authorized by a Board Resolution. The petition is supported by an affidavit affirmed by the Corporate Applicant.
Air Carrying Corporation (India) Private Limited filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against itself. The application was filed through its Director, Mr. Manoj Arya, authorized by a Board Resolution dated 13/04/2018. The Corporate Applicant was incorporated on 29/07/1975 and is involved in the business of public carriers, transporters, and carrier of goods. The reasons for applying for initiation of the CIRP is that the Corporate Applicant has defaulted in payment of dues to the Financial Creditor and the Operational Creditors. The total debt owed to the Financial Creditor (Bank of India) is Rs.16,63,57,228.45 as on 25/09/2014, and to the Operational Creditors
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The Corporate Applicant, Air Carrying…
Board Resolution…
The case pertains to a petition filed by Air Carrying Corporation (India) Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against itself. The application was filed through its Director, Mr. Manoj Arya, authorized by a Board Resolution. The petition is supported by an affidavit affirmed by the Corporate Applicant.
Air Carrying Corporation (India) Private Limited filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against itself. The application was filed through its Director, Mr. Manoj Arya, authorized by a Board Resolution dated 13/04/2018. The Corporate Applicant was incorporated on 29/07/1975 and is involved in the business of public carriers, transporters, and carrier of goods. The reasons for applying for initiation of the CIRP is that the Corporate Applicant has defaulted in payment of dues to the Financial Creditor and the Operational Creditors. The total debt owed to the Financial Creditor (Bank of India) is Rs.16,63,57,228.45 as on 25/09/2014, and to the Operational Creditors
…The Corporate Applicant, Air Carrying…
Board Resolution…