M/s. Alcob India Private Limited filed a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The application was preferred due to financial stress and inability to repay debts.
M/s. Alcob India Private Limited filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP.
The Corporate Applicant's loan account was classified as a Non-Performing Asset (NPA) by the Bank of Maharashtra on 31.03.2021.
The total debt amounting to default is Rs. 65,45,53,190/-, comprising Rs. 48,05,55,333/- as financial debt and Rs. 17,06,33,970/- as operational debt.
The Board of Directors authorized Mr. Badrinarayan Rajagopalan and Mrs. Deepali Badrinarayan to file the application under the Code.
Shri. Rajesh S. Shah was proposed as the Interim Resolution Professional (IRP) and submitted his consent in Form 2.
The Adjudicating Authority admitted the petition and ordered the initiation of CIRP against the Corporate Applicant.
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The Corporate Applicant…
The loan account of the Corporate Applicant…
M/s. Alcob India Private Limited filed a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The application was preferred due to financial stress and inability to repay debts.
M/s. Alcob India Private Limited filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP.
The Corporate Applicant's loan account was classified as a Non-Performing Asset (NPA) by the Bank of Maharashtra on 31.03.2021.
The total debt amounting to default is Rs. 65,45,53,190/-, comprising Rs. 48,05,55,333/- as financial debt and Rs. 17,06,33,970/- as operational debt.
The Board of Directors authorized Mr. Badrinarayan Rajagopalan and Mrs. Deepali Badrinarayan to file the application under the Code.
Shri. Rajesh S. Shah was proposed as the Interim Resolution Professional (IRP) and submitted his consent in Form 2.
The Adjudicating Authority admitted the petition and ordered the initiation of CIRP against the Corporate Applicant.
…The Corporate Applicant…
The loan account of the Corporate Applicant…