Application u/s. 7 of IBC for CIRP against Era Infrastructure (I) Ltd. admitted as debt and default proved

National Asset Reconstruction Company Limited Vs Era Infrastructure (India) Ltd (NCLT Delhi) NCLT Delhi held that application under section 7 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency Resolution Process [CIRP] against Corporate Debtor [Era Infrastructure (India) Ltd.] admitted since financial debt and default thereon duly proved. Facts- The present Company Application is filed by NATIONAL ASSET RECONSTRUCTION COMPANY LIMITED (Applicant) through its Power of Attorney Holder, India Debt Resolution Company Limited u/s. 7 of the Insolvency and Bankruptcy Code, ...