NCLT Upholds Financial Creditor’s Claim Despite Section 10A COVID Moratorium

Unity Small Finance Bank Limited Vs Bafna Motors Private Limited (NCLT Mumbai) Background and Parties InvolvedUnity Small Finance Bank Limited (“Applicant/Financial Creditor”) filed C.P. (IB) No. 344/MB/2025 on 18.01.2025 under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“Code”) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The Application sought initiation of Corporate Insolvency Resolution Process (“CIRP”) against Bafna Motors Private Limited (“Corporate Debtor/CD”). The Applicant was incorporated on 25.08.20...