CIRP application u/s. 7 of IBC by Financial Creditor admitted as debt and default proved

HDFC Bank Limited Vs Dhanlaxmi Electricals Private Limited (NCLT Mumbai) NCLT Mumbai held that application filed under section 7 of the Insolvency and Bankruptcy Code by Financial Creditor for initiation of Corporate Insolvency Resolution Process [CIRP] against Corporate Debtor is admitted as debt and default thereof proved. Facts- This Application has been filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC/Code) by HDFC Bank Limited, the Financial Creditor (FC), for initiation of Corporate Insolvency Resolution Process (CIRP) in respect of Dhanlaxmi Electricals Private Lim...