CIRP against Ran India Steels Pvt. Ltd. admitted as financial debt and default proved

karur Vysya Bank Ltd Vs Ran India Steels Pvt Ltd (NCLT Chennai) NCLT Chennai held that application u/s. 7 of IBC against Corporate Debtor [Ran India Steels Private Limited] for initiation of CIRP admitted as financial debt is proved by the Financial Creditor and the ‘default’ having been committed by the Corporate Debtor. Facts- This petition u/s. 7 of the Insolvency and Bankruptcy, 2016 read with Rule 4 of the Insolvency and Bankruptcy Board of India (Petition to Adjudicating Authority) has been filed by Karur Vysya Bank (Petitioner/Financial Creditor) against Ran India Steels Private Lim...