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Application u/s. 7 for CIRP against Inditrade Business Consultants Limited admitted
Case Law Details
- Case Name
- Kotak Mahindra Bank Limited Vs Inditrade Business Consultants Limited (NCLT Kochi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Kotak Mahindra Bank Limited Vs Inditrade Business Consultants Limited (NCLT Kochi)
NCLT Kochi held that application under section 7 for initiation of Corporate Insolvency Resolution Process [CIRP] against M/s. Inditrade Business Consultants Limited is admitted since financial debt and occurrence of default established.
Facts- The present petition has been filed by the Kotak Mahindra Bank Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred as ‘the Code’), read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, ...
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