CIRP application u/s. 7 against Shivam India Limited admitted

Adhunik Corporation Limited Vs Shivam India Limited (NCLT Kolkata) NCLT Kolkata held that application under section 7 of the Insolvency and Bankruptcy Code for initiating Corporate Insolvency Resolution Process [CIRP] against Shivam India Limited [Corporate Debtor] is admitted. Accordingly, writ petition allowed. Facts- Present application under section 7 of the Insolvency and Bankruptcy Code, 2016 read with rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 by Adhunik Corporation Limited [Financial Creditor] against Shivam India Limited [Corporate Debt...