CIRP against Corporate Debtor admitted as debt and default proved by way of ledger confirmation

Invent Assets Securitisation And Reconstruction Private Limited Vs C M Smith And Sons Limited (NCLT Ahmedabad)

NCLT Ahmedabad held that application under section 7 of the Insolvency and Bankruptcy Code, 2016 [IBC] against Corporate Debtor [M/s. C M Smith and Sons Limited] for initiation of Corporate Insolvency Resolution Process [CIRP] admitted as debt as well as default is established by way of ledger confirmation.

Facts- This Application is filed under section 7 of the Insolvency and Bankruptcy Code, 2016 by the Financial Creditor/ Petitioner for initiati

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