CIRP against Corporate Debtor initiated as debt and default established

Goyal Achal Sampatti Vikas And Niyojan Nigam Limited Vs Quanteco World Limited (NCLT Mumbai) NCLT Mumbai held that application under section 7 of the Insolvency and Bankruptcy Code against Corporate Debtor [Quanteco World Limited] for initiation of Corporate Insolvency Resolution Process [CIRP] is admissible since debt and default duly established. Facts- This is an application filed by the Applicant- M/s. Goyal Achal Sampatti Vikas and Niyojan Nigam Limited (Financial Creditor / the Petitioner), on 30.03.2025 against the Respondent- Quanteco World Limited (Corporate Debtor), u/s. 7 of the Ins...