CIRP Initiated Against Corporate Debtor Despite COVID-19 Financial Hardship

Prudent ARC Limited Vs Rbep Entertainment Private Limited (NCLT Mumbai)

National Company Law Tribunal (NCLT), Mumbai Bench, admitted a petition filed by Prudent ARC Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) for initiating Corporate Insolvency Resolution Process (CIRP) against RBEP Entertainment Private Limited. The case originated from a loan of Rs. 40 crore granted by Central Bank of India (Original Lender) to RBEP Enter

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