Operational debt and default thereon established hence CIRP application u/s. 9 of IBC admitted

Siddhgiri Holdings Private Limited Vs Bhilai Jaypee Cement Limited (NCLT Cuttack)

NCLT Cuttack held that application under section 9 of the Insolvency and Bankruptcy Code for initiating Corporate Insolvency Resolution Process [CIRP] against Bhilai Jaypee Cement Limited [Corporate Debtor] is liable to be admitted since operational debt and default is proved.

Facts- The present Application has been filed on 17.08.2024 by SIDHGIRI HOLDINGS PRIVATE LIMITED (Applicant/Operational Creditor/OC) seeking to initiate Corporate Insolvency Resolution Process (CIRP) agai

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