NCLT Delhi Admits CIRP for ₹9.97 Crore Corporate Loan Default

SREI Equipment Finance Limited Vs Worlds Window Wardha Infrastructure Private Limited (NCLT Delhi) SREI Equipment Finance Limited (“Financial Creditor” or FC) filed an application before the National Company Law Tribunal (NCLT), Delhi, against Worlds Window Wardha Infrastructure Private Limited (“Corporate Debtor” or CD) seeking initiation of the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The FC claimed that the CD had defaulted on repayment of financial debt totaling ₹9,97,27,223, which included principal, intere...