CIRP application u/s. 7(2) of IBC against Corporate Guarantor admitted as default proved

Canara Bank Vs Sitaram Prints Private Limited (NCLT Ahmedabad) NCLT Ahmedabad held that application u/s. 7(2) of Insolvency and Bankruptcy Code [IBC] for initiation of corporate insolvency resolution process [CIRP] against Corporate Guarantor admitted as default duly proved. Facts- This Petition is filed on 09.04.2025 by the Applicant-Canara Bank (Financial Creditor) against the Respondent- Sitaram Prints Private Limited (Corporate Guarantor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rul...