2017 (6) TMI 1314

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e Insolvency Resolution Process. Previously this Debtor Company was before BIFR bearing reference No.55/2014. Thereafter, the Company was also before AAIFR bearing appeal No.4/2016. This Petition was filed by the Company on 29.5.2017. 2. The Corporate Debtor says that its registered office is at 386, Block No. 3, IInd Floor, Sane Guruji Premises, 386 S.V. Savarkar Marg, Prabhadevi, Mumbai-400 025, incorporated on 18-04-1984 vide CIN - L99999 MH 1984PLC 32687 on the file of Registrar of Companies Maharashtra, having Authorised share capital of Rs. 28 crores and paid up share capital of Rs. 26.16 crores. 3. The Board of Directors of the Corporate Debtor in their meeting held on 17.05.2017 authorised Smt. Pratima P. Shah, Director of the Com....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rporate Debtor says that the debt due to various financial institutions to the extent of Rs. 463.99 crores as disclosed in the petition is in default. The above shows that there are debts which are in default. 6. The Corporate Debtor has enclosed the audited financial statements for the year ended 31.03.2016 & 31.03.2017 and the provisional financial statement up to 25.05.2017. A list of assets and liabilities of the corporate debtor as on 25.05.2017 is also enclosed with the application. The Corporate Debtor also enclosed the list of financial creditors and operational creditor as on 25.05.2017. The Corporate Debtor has disclosed the particulars of debt owed by the Corporate Debtor to or by persons connected with it, the name and the addr....