The petition was filed by Punj Security and Housekeeping Services Limited, the Corporate Debtor itself, under Section 10 of the Insolvency & Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor was incorporated on 20.08.2009. The petition was filed through Mr. Umesh Kumar Sharma, Director, authorized by a Board resolution dated 26.10.2020. The petition was filed in pursuance of a resolution passed in the meeting of members of the corporate applicant held on 23.11.2020. The Corporate Debtor's authorized share capital is ₹10,00,000/- and paid-up share capital is ₹4,20,000/-. The Corporate Applicant has been served a show Cause Notice dated 11.02.2020 issued by Director General of GST Intelligence demanding Rs.
…Punj Security and Housekeeping Services Limited, the Corporate Debtor, filed a petition under Section 10 of the Insolvency & Bankruptcy Code, 2016, to initiate CIRP. The company was incorporated on 20.08.2009. The petition was filed through its Director, Mr. Umesh Kumar Sharma, authorized by a Board resolution. The company's authorized share capital is ₹10,00,000/- and paid-up share capital is ₹4,20,000/-. The company faced a show cause notice from the Director General of GST Intelligence for Rs. 8,49,33,907/-. The EPF Organization determined liabilities of Rs. 42,89,799/-. The Excise and Taxation Department, U.T., Chandigarh, claimed GST of U.T., Chandigarh, with a total pending demand of Rs. 1,75,15,167/-. The Employees Provident Fund Organization stated that the
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Punj Security and…
Board resolution…
The petition was filed by Punj Security and Housekeeping Services Limited, the Corporate Debtor itself, under Section 10 of the Insolvency & Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor was incorporated on 20.08.2009. The petition was filed through Mr. Umesh Kumar Sharma, Director, authorized by a Board resolution dated 26.10.2020. The petition was filed in pursuance of a resolution passed in the meeting of members of the corporate applicant held on 23.11.2020. The Corporate Debtor's authorized share capital is ₹10,00,000/- and paid-up share capital is ₹4,20,000/-. The Corporate Applicant has been served a show Cause Notice dated 11.02.2020 issued by Director General of GST Intelligence demanding Rs.
…Punj Security and Housekeeping Services Limited, the Corporate Debtor, filed a petition under Section 10 of the Insolvency & Bankruptcy Code, 2016, to initiate CIRP. The company was incorporated on 20.08.2009. The petition was filed through its Director, Mr. Umesh Kumar Sharma, authorized by a Board resolution. The company's authorized share capital is ₹10,00,000/- and paid-up share capital is ₹4,20,000/-. The company faced a show cause notice from the Director General of GST Intelligence for Rs. 8,49,33,907/-. The EPF Organization determined liabilities of Rs. 42,89,799/-. The Excise and Taxation Department, U.T., Chandigarh, claimed GST of U.T., Chandigarh, with a total pending demand of Rs. 1,75,15,167/-. The Employees Provident Fund Organization stated that the
…Punj Security and…
Board resolution…