NCLT Admits Insolvency Plea Over ₹126.8 Cr Default, Rejects Corporate Debtor’s Debt & Limitation Objections [Read Order]

The National Company Law Tribunal [NCLT], Amaravati Bench, an application under Section 7 of the Insolvency and Bankruptcy Code 2016 has been admitted by SREI Equipment Finance Limited against Vijay Mining & Infra Corp Private Limited, wherein it is held that there was enough evidence about the existence of financial debt and default in payment…

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