Case Law Details
Case Name : Ranisati Constructions Company Private Limited Vs Omnibay Private Limited (NCLT Kolkata)
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NCLT
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Ranisati Constructions Company Private Limited Vs Omnibay Private Limited (NCLT Kolkata)
NCLT Admits Insolvency Plea Because Loan Carried Time Value of Money; ₹2.81 Crore Loan Default Leads to CIRP Against Online Gaming Company; NCLT Holds Financial Debt Established Despite Dispute Over Loan Agreement Execution; Insolvency Proceedings Admitted Because Corporate Debtor Failed to Show Repayment: NCLT
The NCLT Kolkata admitted a Section 7 insolvency application filed against Omnibay Private Limited after holding that the loan transaction satisfied the requirement of “time value of money...
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