CIRP initiated against Theme Developers as debt and default established

Indiacrete Ready Mix Private Limited Vs Theme Developers Private Limited (NCLT Mumbai)

NCLT Mumbai held that application under section 9 of the Insolvency and Bankruptcy Code against Theme Developers Private Limited [Corporate Debtor] for initiation of Corporate Insolvency and Resolution Process [CIRP] admitted as operation debt and default thereon duly established.

Facts- This is an Application filed under Section 9 of Insolvency and Bankruptcy Code, 2016 by Indiacrete Ready Mix Private Limited (the Operational Creditor) against Theme Developers Private Li

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