Case Law Details
Case Name : IDBI Bank Limited Vs Fortune Spirit Limited (NCLT Cuttack)
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NCLT
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IDBI Bank Limited Vs Fortune Spirit Limited (NCLT Cuttack)
NCLT Cuttack held that application for initiation of Corporate Insolvency Resolution Process [CIRP] under section 7 of the Insolvency and Bankruptcy Code [IBC] admitted against Corporate Debtor [Fortune Spirit Limited] as debt and default in payment of debt duly proved.
Facts- The present Application has been filed on 07.03.2024 by IDBI Bank Limited through its authorized representative Purna Chandra Majhi (Applicant/Financial Creditor) seeking to initiate Corporate Insolvency Resolution Process (CIR
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