Turnest Resources P. Ltd. admitted in CIRP as financial debt and default duly established

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 Adjudicating Autho...