This case involves a petition filed by Piramal Capital & Housing Finance Limited against Navkar Groups Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the respondent, alleging a default in financial debt. The matter was brought before the National Company Law Tribunal, Mumbai Bench, for adjudication.
Piramal Capital & Housing Finance Limited, the petitioner, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Navkar Groups Private Limited, the respondent. This petition aimed to initiate the Corporate Insolvency Resolution Process (CIRP) against Navkar Groups Private Limited, alleging a default in financial debt. The application was filed before the National Company Law Tribunal, Mumbai Bench, which is the adjudicating authority for such matters.
The National Company Law Tribunal, Mumbai…
This case involves a petition filed by Piramal Capital & Housing Finance Limited against Navkar Groups Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the respondent, alleging a default in financial debt. The matter was brought before the National Company Law Tribunal, Mumbai Bench, for adjudication.
Piramal Capital & Housing Finance Limited, the petitioner, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Navkar Groups Private Limited, the respondent. This petition aimed to initiate the Corporate Insolvency Resolution Process (CIRP) against Navkar Groups Private Limited, alleging a default in financial debt. The application was filed before the National Company Law Tribunal, Mumbai Bench, which is the adjudicating authority for such matters.
The National Company Law Tribunal, Mumbai…