CIRP against Corporate Debtor admitted as operational debt and default established

Daga Power Systems & Engineers Private Limitedvs ASB Energy Systems And Construction Private Limited (NCLT Cuttack) NCLT Cuttack held that application under section 9 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency Resolution Process [CIRP] against Corporate Debtor [ASB Energy Systems and Construction Pvt. Ltd.] is admitted as operational debt and default thereon is admitted. Facts- This present Application has been filed by Daga Power Systems & Engineers Private Limited (Operational Creditor/Applicant) under Section 9 of Insolvency and Bankruptcy Code, 20...