CIRP initiated as Corporate Debtor admitted its liability

Mahi Buildhome Private Limited Vs Unibera Developers Private Limited (NCLT Delhi) NCLT Delhi ordered to initiate Corporate Insolvency Resolution Process (CIRP) initiated against the Corporate Debtor, as the Corporate Debtor duly admitted the liability. Facts- M/s. Mahi Buildhome Private Limited ( ‘Applicant/Operational Creditor’) has filed the present petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (‘IBC, 2016’) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 with a prayer to initiate the Corporate Insolvency R...