The National Company Law Tribunal (NCLT), Bengaluru Bench, has admitted an insolvency petition filed by the applicant under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The tribunal found that the debt and default were clearly established, noting that the corporate debtor failed to pay operational dues exceeding ₹ 1.96 crore despite statutory demand notices and acknowledged liability, thereby warranting initiation of the Corporate Insolvency Resolution Process (CIRP).
The petition, e‑filed on 9 January 2026, sought initiation of the Corporate Insolvency Resolution Process (CIRP) for non‑payment of operational dues amounting to ₹ 1.96 crore, arising from…