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Turnest Resources P. Ltd. admitted in CIRP as financial debt and default duly established
Case Law Details
- Case Name
- HDFC Bank Limited Vs Turnrest Resources Pvt. Ltd (NCLT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
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- Courts
- NCLT
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HDFC Bank Limited Vs Turnrest Resources Pvt. Ltd (NCLT Ahmedabad)
NCLT Ahmedabad held that application under section 7 of Insolvency and Bankruptcy Code against Corporate Debtor [Turnest Resources Private Limited] admitted since Financial Creditor has successfully established the existence of a financial debt and default committed by the Corporate Debtor.
Facts- The present common order disposes of the Company Petition bearing No. CP (IB)/269(AHM)/2025, filed u/s. 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy (Application to A...
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