This case involves a Company Petition filed on 2022-08-10 by Edge Brand Architects (India) Private Limited, the Corporate Applicant, under Section 10 of the Insolvency & Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016, for initiating the Corporate Insolvency Resolution Process (CIRP). The Corporate Applicant submitted that its registered office is located in Mumbai and that it was incorporated on 2011-05-24. The shareholders of the Corporate Applicant passed a resolution on 2022-08-03 authorizing the Board of Directors to file the petition. The Corporate Applicant disclosed that a sum of ₹4,75,68,566/- is due to Financial and Operational Creditors and is in default. The Corporate Applicant
…Edge Brand Architects (India) Private Limited filed a Company Petition on 2022-08-10 under Section 10 of the Insolvency & Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP). The company's registered office is in Mumbai, and it was incorporated on 2011-05-24. A shareholders' resolution passed on 2022-08-03 authorized the petition. The company disclosed outstanding dues of ₹4,75,68,566/- to Financial and Operational Creditors. The petition was supported by audited financial statements for 2019-20 and 2020-21, unaudited provisional financial statements for 2021-22, and a list of creditors as of 2022-07-31. The Corporate Applicant proposed Mr. Laxmikant Yeshwant Desai as the Interim Resolution Professional (IRP). The NCLT found
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Edge Brand Architects (India) Private Limited…
Shareholders of the Corporate Applicant…
This case involves a Company Petition filed on 2022-08-10 by Edge Brand Architects (India) Private Limited, the Corporate Applicant, under Section 10 of the Insolvency & Bankruptcy Code, 2016, read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016, for initiating the Corporate Insolvency Resolution Process (CIRP). The Corporate Applicant submitted that its registered office is located in Mumbai and that it was incorporated on 2011-05-24. The shareholders of the Corporate Applicant passed a resolution on 2022-08-03 authorizing the Board of Directors to file the petition. The Corporate Applicant disclosed that a sum of ₹4,75,68,566/- is due to Financial and Operational Creditors and is in default. The Corporate Applicant
…Edge Brand Architects (India) Private Limited filed a Company Petition on 2022-08-10 under Section 10 of the Insolvency & Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP). The company's registered office is in Mumbai, and it was incorporated on 2011-05-24. A shareholders' resolution passed on 2022-08-03 authorized the petition. The company disclosed outstanding dues of ₹4,75,68,566/- to Financial and Operational Creditors. The petition was supported by audited financial statements for 2019-20 and 2020-21, unaudited provisional financial statements for 2021-22, and a list of creditors as of 2022-07-31. The Corporate Applicant proposed Mr. Laxmikant Yeshwant Desai as the Interim Resolution Professional (IRP). The NCLT found
…Edge Brand Architects (India) Private Limited…
Shareholders of the Corporate Applicant…