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 facilities from Lakshmi Vilas Bank, including a ₹21 crore term loan and overdraft limits aggregating ₹21.91 crore. The account was classified as Non‑Performing Asset (NPA) on 24 April 2018. Following the amalgamation of…