Bestways Transport (India) Private Limited was incorporated in 1983. The registered office of the Corporate Debtor is situated at 5 NH/87 NIT Faridabad-121001. The Authorised Capital of the Company is Rs. 1,00,00,000 /- and its paid up capital is Rs. 64,44,500 /-.
Bestways Transport (India) Private Limited is engaged in supporting and auxiliary transport activities including cargo handling.
One of the Operational Creditors, M/s Pawan Cargo Forwards (P) Ltd. had filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The said petition was admitted and order regarding initiation of insolvency resolution process has been passed on 26th March, 2021 and order was served to IRP on 31.03.2021.
Mr. Khushvinder Singhal having registration no IBBI/IPA-002/IP-N00888/2019 -2020/12833 was appointed as Interim resolution Professional and his appointment has been further approved as Resolution Professional by the Committee of Creditors in its first COC meeting dated 30 April 2021.