Pending Winding‑Up Transfer No Bar to CIRP: NCLT Admits Prudent ARC Insolvency Petition Against Super Property [Read Order]
The National Company Law Tribunal, Principal Bench (New Delhi), has admitted a Section 7 petition filed by the petitioner against the corporate debtor, holding that the pendency of winding‑up proceedings transferred from the Delhi High Court poses no bar to the initiation of the Corporate Insolvency Resolution Process (CIRP). The Super Property Maintenance, corporate debtor, engaged in real‑estate and property‑maintenance services, had availed multiple credit…