CIRP u/s. 7 against Corporate Debtor admitted as default in repayment of financial debt proved

State Bank of India Vs SU Toll Road Private Limited (NCLT Mumbai) NCLT Mumbai held that Corporate Insolvency Resolution Process [CIRP] against Corporate Debtor [S U Toll Road Private Limited] under section 7 of the Insolvency and Bankruptcy Code admitted as Corporate Debtor defaulted in repayment of financial debt over the minimum threshold of Rs. 1Crore proved. Facts- This is an application filed on 23.12.2024 by the Applicant- State Bank of India (Financial Creditor), against the Respondent- SU Toll Road Private Limited (Corporate Debtor), under Section 7 of the Insolvency & Bankruptcy ...