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No Cookies | The Mercury

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NCLT Admits HDFC Bank’s Insolvency Petition u/s 7 citing clear acknowledgment of liability , Initiates CIRP [Read Order]

The National Company Law Tribunal (NCLT), Indore Bench, has admitted a Section 7 application filed by HDFC Bank Limited against Shri Bhagwati Agro Industries Private Limited, leading to the initiation of a Corporate Insolvency Resolution Process (CIRP) citing clear acknowledgment of liability.. The application was filed by HDFC Bank Limited (“Financial Creditor”) under Section 7…