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

Bank of Maharashtra Limited Vs Omega Premises Private Limited (NCLT Mumbai) NCLT Mumbai held that application for initiation of Corporate Insolvency Resolution Process [CIRP] under section 7 of the Insolvency and Bankruptcy Code, 2016 against corporate debtor admitted as financial debt and default thereon duly established. Facts- This application was filed on 11.08.2025 by The Bank Of Maharashtra Limited, the Financial Creditor (Financial Creditor), under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating...