CIRP application u/s. 7 of IBC admitted as corporate debtor committed default in repayment of debt

DSM Projects Private Limited Vs A N Enterprises Infrastructure Services Private Limited (NCLT Mumbai) NCLT Mumbai held that the Corporate Debtor has committed a default in repayment of debt which is due and payable to the Financial Creditor. Accordingly, application u/s. 7 of the Insolvency and Bankruptcy Code admitted for initiation of CIRP against Corporate Debtor. Facts- This is an application filed on 16.12.2024 by the Applicant- M/s. DSM Projects Private Limited (Financial Creditor or Petitioner), against the Respondent- A.N. Enterprises Infrastructure Services Private Limited (Corporate ...