Forbes Technosys Limited filed a company petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The company claimed default in paying financial debt of Rs. 1,65,33,33,413.74 and operational debt of Rs. 16,04,02,675.76.
Forbes Technosys Limited filed a petition under Section 10 of the IBC to initiate CIRP.
The company claimed default in financial debt of Rs. 1,65,33,33,413.74 and operational debt of Rs. 16,04,02,675.76.
The Board of Directors resolved to initiate CIRP against the company on January 31, 2024.
The company placed on record Audited Balance Sheets for the financial years 2021-2022 and 2022-2023.
There were more than 10 cases of civil, criminal, and insolvency nature filed by and against the company.
Panache Digilife Ltd., an operational creditor, filed an intervention petition objecting to the admission of the petition.
The Adjudicating Authority admitted the petition and initiated CIRP against Forbes Technosys Limited.
…Sign in to view the parties.
Forbes Technosys…
A fresh certificate of incorporation was…
Forbes Technosys Limited filed a company petition under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The company claimed default in paying financial debt of Rs. 1,65,33,33,413.74 and operational debt of Rs. 16,04,02,675.76.
Forbes Technosys Limited filed a petition under Section 10 of the IBC to initiate CIRP.
The company claimed default in financial debt of Rs. 1,65,33,33,413.74 and operational debt of Rs. 16,04,02,675.76.
The Board of Directors resolved to initiate CIRP against the company on January 31, 2024.
The company placed on record Audited Balance Sheets for the financial years 2021-2022 and 2022-2023.
There were more than 10 cases of civil, criminal, and insolvency nature filed by and against the company.
Panache Digilife Ltd., an operational creditor, filed an intervention petition objecting to the admission of the petition.
The Adjudicating Authority admitted the petition and initiated CIRP against Forbes Technosys Limited.
…Forbes Technosys…
A fresh certificate of incorporation was…