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CIRP against Corporate Debtor initiated as debt and default established
Case Law Details
- Case Name
- Goyal Achal Sampatti Vikas And Niyojan Nigam Limited Vs Quanteco World Limited (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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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...
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