Patliputra Academy for Education and Training Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.

The Corporate Applicant faced financial stress due to expansion, increased competition, and regulatory changes.

The Corporate Applicant defaulted on financial and operational liabilities, with a total default amount of approximately ₹4,36,37,368/-.

The Corporate Applicant has one financial creditor, namely Mr. Krishna Singh, who has issued a demand notice for recovery of an amount of ₹1,08,91,637/-.

The Board of Directors and shareholders of the Corporate Applicant authorized the filing of the present application.

The Corporate Applicant proposed the name of Mr. Binod Kumar Singh as the Interim Resolution Professional (IRP).

Patliputra Academy for Education and Training Private Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016.

The Corporate Applicant faced financial stress due to expansion, increased competition, and regulatory changes.

The Corporate Applicant defaulted on financial and operational liabilities, with a total default amount of approximately ₹4,36,37,368/-.

The Corporate Applicant has one financial creditor, namely Mr. Krishna Singh, who has issued a demand notice for recovery of an amount of ₹1,08,91,637/-.

The Board of Directors and shareholders of the Corporate Applicant authorized the filing of the present application.

The Corporate Applicant proposed the name of Mr. Binod Kumar Singh as the Interim Resolution Professional (IRP).