CIRP against Sumarrow Impex LLP initiated as debt and default proved

Drip Capital Inc Vs Sumarrow Impex LLP (NCLT Ahmedabad)

NCLT Ahmedabad held that application under section 7 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency Resolution Process [CIRP] against Sumarrow Impex LLP (Corporate Debtor) admitted as financial debt and default stands proved.

Facts- This Application has been filed under Section 7 of Insolvency and Bankruptcy Code, 2016 by Drip Capital Inc. (Financial Creditor) seeking initiation of Corporate Insolvency Resolution Process against Sumarrow Impex LLP (Corporate Debtor) for ha

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