CIRP application u/s. 7 of IBC admitted as existence of debt and default proved

IDBI Bank Limited Vs Wind World (India) Infrastructure Private Limited (NCLT Mumbai) NCLT Mumbai held that application under section 7 of the Insolvency and Bankruptcy Process for initiation of Corporate Insolvency Resolution Process [CIRP] against Wind World (India) Infrastructure Private Limited [Corporate Debtor] admitted since Financial Creditors have proved existence of debt and default. Facts- The Present Company Petition is filed u/s. 7 of the Insolvency and Bankruptcy Code, 2016 (‘IBC’/ ‘the Code’) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating A...