NCLT Admits CIRP Over ₹2.40 Cr Default, Rejects NPA Date and MSME Framework Objections [Read Order]
The National CompanyLaw Tribunal (NCLT), Mumbai Bench has admitted a petition filed by Union Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process (CIRP) against Heera Hospitality Private Limited due to a total financial default of ₹2.40 crore. The Financial Creditor has approached the Tribunal…

