Corporate LawsLaw Report
The NCLT admitted CIRP after finding acknowledged operational debt, continuing payment default and no genuine pre-existing dispute over palm olein supplies.
The National Company Law Tribunal (NCLT) Bengaluru Bench has admitted a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) for insolvency proceedings against Nadella Agrotech Private Limited and dismissed their objections on grounds of identity of operational creditor, assignment of receivables and notice of statutory demand issued.
Voyager Trading Partners LLC,…