CIRP application u/s. 9 of IBC admitted as operational debt and default thereon established

Inventtive Systems & Automation Private Limited Vs Prolific Systems and Technologies Private Limited (NCLT Mumbai) NCLT Mumbai admitted application u/s. 9 of the Insolvency and Bankruptcy Code [IBC] for initiating CIRP against Corporate Debtor since operational creditor duly established existence of operational debt and default. Facts- This Company Petition was filed on 30.03.2025 under Section 9 of the Insolvency and Bankruptcy Code, 2016 read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 by Inventtive Systems & Automation Private Lim...