https://www.taxtmi.com/caselaws?id=283318 NCLT, Mumbai held that a financial creditor's recall notice and loan agreements established existence of a financial debt and default by the corporate debtor. The tribunal found the creditor entitled to principal and interest recovery, concluded default was proven, and admitted the petition for initiation of CIRP. The NCLT directed commencement of CIRP and declared the moratorium. en-us Tue, 24 Apr 2018 00:00:00 +0530 Fri, 20 Feb 2026 17:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283318 NCLT, Mumbai held that a financial creditor's recall notice and loan agreements established existence of a financial debt and default by the corporate debtor. The tribunal found the creditor entitled to principal and interest recovery, concluded default was proven, and admitted the petition for initiation of CIRP. The NCLT directed commencement of CIRP and declared the moratorium. Case-Laws Insolvency and Bankruptcy Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283318