Influx Agrotech Private Limited, the Corporate Applicant, filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to initiate its own Corporate Insolvency Resolution Process (CIRP). The company, incorporated on March 2, 2010, and engaged in manufacturing and trading organic agriculture inputs, has been facing continuous financial difficulties since March 2014, defaulting on VAT, CST, Income Tax, and loans from various creditors, including Tata Capital Housing Finance Limited, Urban Landscape Private Limited, and Tanuja Chamkire. The total financial debt in default aggregates to ₹2,55,31,541/-.
Influx Agrotech Private Limited filed a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate its own Corporate Insolvency Resolution Process (CIRP).
The Corporate Applicant committed defaults in repayment of its debt obligations and is unable to service its debts.
Influx Agrotech Private Limited is a company incorporated under the Companies Act, 1956, with CIN UO1122PN201OPTC135694, incorporated on 02/03/2010.
The main activity of the company is manufacturing and trading of Organic Agriculture Inputs.
The Authorised Share Capital and Paid-up Share Capital of the Corporate Applicant are both ₹1,00,000/-.
The total financial debt and the amount claimed to be in default aggregates to ₹2,55,31,541/-.
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Influx Agrotech Private…
Corporate Debtor first…
Influx Agrotech Private Limited, the Corporate Applicant, filed a petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to initiate its own Corporate Insolvency Resolution Process (CIRP). The company, incorporated on March 2, 2010, and engaged in manufacturing and trading organic agriculture inputs, has been facing continuous financial difficulties since March 2014, defaulting on VAT, CST, Income Tax, and loans from various creditors, including Tata Capital Housing Finance Limited, Urban Landscape Private Limited, and Tanuja Chamkire. The total financial debt in default aggregates to ₹2,55,31,541/-.
Influx Agrotech Private Limited filed a Company Petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate its own Corporate Insolvency Resolution Process (CIRP).
The Corporate Applicant committed defaults in repayment of its debt obligations and is unable to service its debts.
Influx Agrotech Private Limited is a company incorporated under the Companies Act, 1956, with CIN UO1122PN201OPTC135694, incorporated on 02/03/2010.
The main activity of the company is manufacturing and trading of Organic Agriculture Inputs.
The Authorised Share Capital and Paid-up Share Capital of the Corporate Applicant are both ₹1,00,000/-.
The total financial debt and the amount claimed to be in default aggregates to ₹2,55,31,541/-.
…Influx Agrotech Private…
Corporate Debtor first…