The National Company Law Tribunal (NCLT), Mumbai Bench of Ms. Reeta Kohli, Member (Judicial) and Ms. Madhu Sinha, Member (Technical) admitted the Section 7 application filed by Asset Care and Reconstruction Enterprise Ltd on seeking to initiate Corporate Insolvency Resolution Process against Rajesh Buildspace Private Limited due to default in payment of interest.
Brief Facts
The present application filed before the National Company Law Tribunal, Mumbai Bench, by Assets Care & Reconstruction Enterprise Ltd. against Rajesh Buildspace Private Limited to initiate corporate insolvency resolution process.
The dispute arose back to the debenture trust deed executed between Vistra ITCL (India) Limited and the Corporate…
