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NCLT Admits CIRP Against Corporate Debtor Over ₹10.44 Cr Default
Case Law Details
- Case Name
- HDFC Bank Ltd Vs Bhagwati Agro Industries Pvt. Ltd. (NCLT Indore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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HDFC Bank Ltd Vs Bhagwati Agro Industries Pvt. Ltd. (NCLT Indore)
Summary: HDFC Bank Limited (“Financial Creditor”) filed a petition before the National Company Law Tribunal (NCLT), Indore, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Bhagwati Agro Industries Pvt. Ltd. (“Corporate Debtor”) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The petition alleges default in repayment of financial debts totaling ₹10,4...
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