Application u/s. 7 of IBC admitted as default proved: NCLT Ahmedabad

CFM Asset Reconstruction Private Limited Vs Bhagirath Construction Company Private Limited (NCLT Ahmedabad) NCLT Ahmedabad held that application under section 7 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor [Bhagirath Construction Company Private Limited] admitted as default provide and application filed within limitation period. Facts- The present application is filed by the financial creditor u/s. 7 of IBC, 2016 read with Rule 4 of IBBI (AAA) Rules, 2016 to initiate corporate insolvency resolution process against ...