The case pertains to an application filed by Ways Estates 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. Abhay Raj, authorized by a Board Resolution dated 29 July 2021. Ways Estates Limited, incorporated on 31 December 2010, is engaged in the real estate business and development of agricultural land. The company defaulted in payment to Mr. Shivpujan Ray on 11 March 2019, who subsequently sent a demand notice on 17 June 2021.
Ways Estates Limited, a company incorporated on 31 December 2010, engaged in real estate and agricultural land development, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating CIRP against itself. The application was filed through its Director, Mr. Abhay Raj, authorized by a Board Resolution dated 29 July 2021. The company defaulted in payment to Mr. Shivpujan Ray on 11 March 2019, leading to a demand notice on 17 June 2021. The total debt owed to the Financial Creditors amounted to Rs.2,44,55,359/-. The members of the Corporate Applicant consented to the filing of the application through a resolution passed in an Extraordinary General Meeting held on 23 August 2021. The Corporate Applicant has a customer base of 3922
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Ways Estates…
The Corporate Applicant…
The case pertains to an application filed by Ways Estates 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. Abhay Raj, authorized by a Board Resolution dated 29 July 2021. Ways Estates Limited, incorporated on 31 December 2010, is engaged in the real estate business and development of agricultural land. The company defaulted in payment to Mr. Shivpujan Ray on 11 March 2019, who subsequently sent a demand notice on 17 June 2021.
Ways Estates Limited, a company incorporated on 31 December 2010, engaged in real estate and agricultural land development, filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating CIRP against itself. The application was filed through its Director, Mr. Abhay Raj, authorized by a Board Resolution dated 29 July 2021. The company defaulted in payment to Mr. Shivpujan Ray on 11 March 2019, leading to a demand notice on 17 June 2021. The total debt owed to the Financial Creditors amounted to Rs.2,44,55,359/-. The members of the Corporate Applicant consented to the filing of the application through a resolution passed in an Extraordinary General Meeting held on 23 August 2021. The Corporate Applicant has a customer base of 3922
…Ways Estates…
The Corporate Applicant…