CIRP against Vibrant Content P. Ltd. initiated as debt and default stand established

Central Bank of India Limited Vs Vibrant Content Private Limited (NCLT Mumbai) NCLT Mumbai held that application under section 7 of the Insolvency and Bankruptcy Code for initiating Corporate Insolvency Resolution Process [CIRP] against Corporate Debtor [Vibrant Content Pvt. Ltd.] is admitted since debt and default stand established. Facts- This Company Petition is filed on 06.08.2024 by Central Bank of India Limited (Financial Creditor) seeking to initiate Corporate Insolvency Resolution Process (CIRP) in case of Vibrant Content Private Limited (Corporate Debtor) in terms of the provisions o...