Section 7 Insolvency Admitted as Default Crosses ₹1 Cr & Debtor Fails to Appear

Tata Capital Limited Vs Immaculate Agro Spices Private Limited (NCLT Kochi) The petition was filed by Tata Capital Limited 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, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Immaculate Agro Spices Private Limited. The petitioner requested admission of the application, declaration of moratorium, and appointment of an Interim Resolution Professional (IRP). The amount claimed in default is ₹3,57,87...