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CIRP against Damara Gold P. Ltd. initiated as debt and default of financial debt proved
Case Law Details
- Case Name
- Punjab National Bank Vs Damara Gold Private Limited (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Punjab National Bank Vs Damara Gold Private Limited (NCLT Mumbai)
NCLT Mumbai held that the Corporate Debtor [Damara Gold Private Limited] has committed a default in repaying the financial debt to the Financial Creditor [M/s. Punjab National Bank]. Accordingly, application u/s. 7 of IBC for initiation of CIRP admitted.
Facts- This is an Application filed by the M/s. Punjab National Bank (Financial Creditor) against Damara Gold Private Limited. (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking to initiate the Corporate Insolvency Resolution Process (...
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