NCLAT Closes CIRP After Debtor Pays Full Dues Including Interest

Girish Maganlal Limbachiya Vs Dharmil R Mеhtа & Ors. (NCLAT Delhi) The National Company Law Appellate Tribunal (NCLAT) in Delhi has set aside an order that initiated insolvency proceedings against a Corporate Debtor, following the full repayment of the outstanding debt. The case, Girish Maganlal Limbachiya Vs Dharmil R Mehta & Ors., centered on an appeal against a June 26, 2025, NCLT order that had admitted an insolvency application under Section 7 of the Insolvency and Bankruptcy Code (IBC). The appellant, representing the Corporate Debtor, argued that the Financial Creditor had cla...