M/s Sundha Road Developers Pvt. Ltd. filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP). The company, incorporated in 2011, faced financial difficulties due to the COVID-19 pandemic in March 2020, leading to significant business losses and a halt in operations. The company's board of directors resolved to initiate CIRP after considering its financial position as of March 31, 2023, and the defaults it had committed.
M/s Sundha Road Developers Pvt. Ltd., the Corporate Debtor, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP). The company, incorporated on March 23, 2011, with CIN U45201RJ2011PTC034629, has its registered office in Jodhpur. The company's main object is building and construction. The company faced financial difficulties due to the COVID-19 pandemic in March 2020, leading to significant business losses and a halt in operations. The company defaulted on debt payments to financial and operational creditors. Khush Infratech Pvt. Ltd. is a financial creditor with a claim of Rs. 24,53,81,278. Sara Global, Texon International, and Krishna Stone Crusher & Suppliers are other
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M/s Sundha Road…
The Company suffered…
M/s Sundha Road Developers Pvt. Ltd. filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP). The company, incorporated in 2011, faced financial difficulties due to the COVID-19 pandemic in March 2020, leading to significant business losses and a halt in operations. The company's board of directors resolved to initiate CIRP after considering its financial position as of March 31, 2023, and the defaults it had committed.
M/s Sundha Road Developers Pvt. Ltd., the Corporate Debtor, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP). The company, incorporated on March 23, 2011, with CIN U45201RJ2011PTC034629, has its registered office in Jodhpur. The company's main object is building and construction. The company faced financial difficulties due to the COVID-19 pandemic in March 2020, leading to significant business losses and a halt in operations. The company defaulted on debt payments to financial and operational creditors. Khush Infratech Pvt. Ltd. is a financial creditor with a claim of Rs. 24,53,81,278. Sara Global, Texon International, and Krishna Stone Crusher & Suppliers are other
…M/s Sundha Road…
The Company suffered…