This case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Chiripal Poly Films Ltd, acting as an operational creditor, against Fairdeal Process Automation Pvt Ltd, the corporate debtor. The application sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an alleged default in payment of operational debt. The matter was brought before the National Company Law Tribunal (NCLT), Ahmedabad, Court-2, for adjudication.
Chiripal Poly Films Ltd, identified as an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Fairdeal Process Automation Pvt Ltd, the corporate debtor. This application sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Fairdeal Process Automation Pvt Ltd, alleging a default in payment of an operational debt. The matter was listed before the National Company Law Tribunal, Ahmedabad, Court-2, for hearing and adjudication.
The NCLT, Ahmedabad,…
This case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Chiripal Poly Films Ltd, acting as an operational creditor, against Fairdeal Process Automation Pvt Ltd, the corporate debtor. The application sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an alleged default in payment of operational debt. The matter was brought before the National Company Law Tribunal (NCLT), Ahmedabad, Court-2, for adjudication.
Chiripal Poly Films Ltd, identified as an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Fairdeal Process Automation Pvt Ltd, the corporate debtor. This application sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Fairdeal Process Automation Pvt Ltd, alleging a default in payment of an operational debt. The matter was listed before the National Company Law Tribunal, Ahmedabad, Court-2, for hearing and adjudication.
The NCLT, Ahmedabad,…