CIRP application u/s. 7 of IBC by SBI against Raninga paper Mills admitted

State Bank of India Vs Raninga Paper Mills Private Limited (NCLT Ahmedabad) NCLT Ahmedabad held that application for initiation of Corporate Insolvency Resolution Process [CIRP] filed by Financial Creditor [SBI] u/s. 7 of IBC against Corporate Debtor [Raninga Paper Mills Private Limited] is admitted as existence of financial debt and default demonstrated. Facts- This Petition is filed on 11.07.2025 by the Applicant- State Bank of India (Financial Creditor) against the Respondent- Raninga Paper Mills Private Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 ...