CIRP Admitted Due to Established Debt and Default Under Section 10 of IBC

In re Metcalfe Properties Private Limited (NCLT Delhi)

The petition was filed by Metcalfe Properties Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) against itself. The application, dated 13 September 2025, was filed by Director Nishant Gupta, duly authorized through a Board Resolution dated 4 June 2025, later approved in an Extraordinary General Meeting held on 28 June 2025.

The Corporate Applicant, incorporated on 26 September 2002, was engaged in real estate development, prop

Please become a Premium member. If you are already a Premium member, login here to access the full content.