CIRP against Soundararaja Mills Ltd. admitted as twin condition of debt and default fulfilled

Nimbark Fashions Limited Vs Soundararaja Mills Limited (NCLT Chennai) NCLT Chennai held that application under section 9 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor (Soundararaja Mills Limited) admitted as twin condition i.e. debt and default fulfilled. Facts- This petition u/s. 9 of the Insolvency and Bankruptcy Code, 2016 r/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 has been filed by Nimbark Fashions Limited, represented by its Authorised Signatory Mr. Nageswar...