Application u/s. 10 of IBC admitted as Corporate Applicant established debt and default

In re Parquet Furnishers Pvt. Ltd. (NCLT Delhi) NCLT Delhi held that application under section 10 of the Insolvency and Bankruptcy Code read with rule 7 for initiating Corporate Insolvency Resolution Process stands admitted as Corporate Applicant established debt and default thereon. Facts- This Application has been filed by M/s. Parquet Furnishers Pvt. Ltd. (Corporate Applicant), before this Adjudicating Authority, under Section 10 of the Insolvency and Bankruptcy Code, 2016 r/w Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 for initiating the Cor...