Case Law Details
Case Name : Canara Bank Limited & Ors Vs Gupta Power Infrastructure Limited (NCLT Kolkata)
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NCLT
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Canara Bank Limited & Ors Vs Gupta Power Infrastructure Limited (NCLT Kolkata)
NCLT Kolkata held that application under section 7 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency Resolution Process [CIRP] against Gupta Power Infrastructure Limited [Corporate Debtor] admitted for default of Rs. 2888 Crore.
Facts- The application was jointly filed by a consortium of banks under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. Gupta Power Infrastr...
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