9911796707
TMI Blog2018 (3) TMI 1819X X X X Extracts X X X X X X X X Extracts X X X X ..... cation to Adjudicating Authority) Rules 2016 for initiation of Corporate Insolvency Resolution process. 2. The Corporate Debtor's registered Office is situated at Unit No.603, 604 & 605, Shalimar Morga Park, Oshiwara, Andheri (West), Mumbai - Vide CIN incorporated on 10,09 , 2003 400 053, U74999MH2003PLC142127 on the file of Registrar of Companies Maharashtra, having paid up share capital of 3. The Board of Directors of the Corporate Debtor in their meeting held on 23.05.2017 authorised Mr. Daiyen Ahmed Azmi, Managing Director of the Company, to file necessary application under the Code. 4. The Applicant Company has submitted Form - 6 dated 7.6.2017 to initiate CIRP proceedings. As per the said Form the total debt raised and amoun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anies, Mumbai. 10. The Corporate Debtor has enclosed the SARFAESI notice dated 28.10.2015 issued by Canara Bank claiming a sum Of as balance outstanding as on 28.10.2015 payable by the Corporate Debtor to the Bank. The notice further discloses that the account Of the Corporate Debtor was classified as Non-performing Asset as on 31.3.2015. 11. The Corporate Debtor has submitted the audited financial statements for the years 2014-15 and 2015-16, the provisional financial statement for the period from 01.04.2016 to 31.03.2017, liSt of assets and liabilities Of the Corporate Debtor as on 31.5.2017, list of financial creditors and operational creditors as on 30,5.2017 and extract of charges registered with the Registrar Of Companies taken fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002; the recovery of any property by an owner or lessor where such property iS occupied by or jn the possession of the corporate debtor. (ii) That the supply of essential goods or services to the corporate debtor, if continuing, shall not be terminated or suspended or interrupted during moratorium period. (iii) That the provisions of sub-sec ..... X X X X Extracts X X X X X X X X Extracts X X X X
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