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CIRP application u/s. 7 of IBC by SBI against Raninga paper Mills admitted
Case Law Details
- Case Name
- State Bank of India Vs Raninga Paper Mills Private Limited (NCLT Ahmedabad)
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- NCLT
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State Bank of India Vs Raninga Paper Mills Private Limited (NCLT Ahmedabad)
NCLT Ahmedabad held that application for initiation of Corporate Insolvency Resolution Process [CIRP] filed by Financial Creditor [SBI] u/s. 7 of IBC against Corporate Debtor [Raninga Paper Mills Private Limited] is admitted as existence of financial debt and default demonstrated.
Facts- This Petition is filed on 11.07.2025 by the Applicant- State Bank of India (Financial Creditor) against the Respondent- Raninga Paper Mills Private Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 ...
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