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CIRP application u/s. 7 against Giga Pipe Systems Pvt. Ltd. admitted as debt and default established
Case Law Details
- Case Name
- State Bank of India Vs Giga Pipe Systems India Pvt. Ltd. (NCLT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
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- NCLT
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State Bank of India Vs Giga Pipe Systems India Pvt. Ltd. (NCLT Delhi)
NCLT Delhi held that application filed under section 7 of the Insolvency and Bankruptcy Code by State Bank of India for initiation of Corporate Insolvency Resolution [CIRP] against Giga Pipe Systems Pvt. Ltd. admitted since financial debt and default established.
Facts- This is an Application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by State Bank of India (the Financial Creditor/Applicant) seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Giga Pipe Systems ...
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