CIRP Admitted Due to Undisputed Loan Default Under IBC

Wonderdream Developers Private Limited Vs Findeal Investments Private Limited (NCLT Mumbai) The application C.P. (IB) No. 800/MB/2025 was filed on 29 July 2025 by Wonderdream Developers Private Limited, acting as the Financial Creditor, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Findeal Investments Private Limited, the Corporate Debtor. The claimed default amount as of the filing date was ₹21,06,19,288, including interest at 15% per annum, with the date of default recorded as 31 December 2024. ...