9911796707
TMI Blog2021 (3) TMI 1337X X X X Extracts X X X X X X X X Extracts X X X X ..... [hereinafter referred to as "the IB Code"] read with Rule 4 of the Insolvency and Bankruptcy Application to Adjudicating Authority Rules, 2016 (hereinafter referred to as "the Rules") for the purpose of initiating corporate insolvency resolution process [hereinafter referred to as "CIRP") against M/s. Mars Remedies Pvt. Ltd., the Respondent company, the Corporate Debtor. 2. M/s. Mars Remedies Pvt. Ltd., the Respondent Company incorporated on 05.11.1999, under the provisions of the Companies Act, 1956 having its Registered Office at 635, G.I.D.C. Estate, Waghodia 391760. 3. The Authorised Share Capital of the Respondent Company, the Corporate Debtor is Rs. 4,50,00,000/- (Rupees Four Crore Fifty Lakh Only). The Paid-Up Share Capital of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er defaulted of an amount of Rs. 54,71,783/- (Rupees Fifty-Four Lakh Seventy-One Thousand Seven Hundred Eighty-Three Only) as on 31.03.2017. 8. The Petitioner further submitted that the total claimed amount to be in default is Rs. 89,24,630/- (Rupees Eighty-Nine Lakh Twenty-Four Thousand Six Hundred Thirty Only) as per calculation sheet from 31.03.2016 to 31.12.2019, which is comprised of Principal Amount of Rs. 62,77,763/- (Rupees Sixty-Two Lakh Seventy-Seven Thousand Seven Hundred Sixty-Three Only) and interest amount of Rs. 26,46,867/- (Rupees Twenty-Six Lakh Forty-Six Thousand Eight Hundred Sixty-Seven Only). The said fact is reflected as Exhibit-I of the petition. 9. The Respondent has denied the entire alleged claims and allegations ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate Debtor. * Calculation sheet claimed to be in default. * Certified copy of the Financial Statement ending as on 31.03.2016 and 31.03.2017 of the Corporate Debtor evidencing the acknowledge of the outstanding financial debt to be in default. * Statement of FORM 26AS. * Several email(s) on various date(s) exchanged by and between Financial Creditor and Corporate Debtor reminding to repay the financial assistance along with interest. * Account ledger confirmation duly signed by the authorized signatory of the Corporate Debtor. * Certificate from the Chartered Accountant about the outstanding debt due from the Corporate Debtor to the Financial Creditor. * Copy of the ledger of the Corporate Debtor maintained by the Financial Cr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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