Application for CIRP accepted once default of Corporate Debtor is established

Srinidhi Comprint Private Limited Vs First Flight Couriers Limited (NCLT Mumbai)

Facts-

The Corporate Debtor used the services/ items extended and supplied by the Operational Creditor but failed to clear the dues. Accordingly, the Operational Creditor/Petitioner issued Demand Notice u/s 8 of Insolvency and Bankruptcy Code,

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