Application u/s. 10 of IBC against Universal Journeys India Pvt. Ltd. admitted as debt and default established

In re Universal Journeys India Private Limited (NCLT Delhi)

NCLT Delhi held that application under section 10 of the Insolvency and Bankruptcy Code for initiation of CIRP against M/s. Universal Journeys India Private Limited [Corporate Debtor] is admitted since existence of operational debt and default duly established.

Facts- The present application is filed by M/s Universal Journeys India Private Limited (Corporate Applicant) under Section 10 of the Insolvency and Bankruptcy Code, 2016 with a prayer to initiate the Corporate Insolvency Resolution Process a

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