https://www.taxtmi.com/caselaws?id=423879 The National Company Law Tribunal, New Delhi, Court -VI, admitted the Application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Union Bank of India against M/s. Supertech Limited due to default in repayment of credit facilities. The Tribunal directed the initiation of Corporate Insolvency Resolution Process (CIRP) and appointed an Interim Resolution Professional. Various Intervention Applications were filed by home buyers and financial creditors, with the Tribunal issuing interim directions to manage the CIRP process and ensure completion of ongoing construction projects. en-us Fri, 10 Jun 2022 00:00:00 +0530 Fri, 17 Jun 2022 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423879 The National Company Law Tribunal, New Delhi, Court -VI, admitted the Application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Union Bank of India against M/s. Supertech Limited due to default in repayment of credit facilities. The Tribunal directed the initiation of Corporate Insolvency Resolution Process (CIRP) and appointed an Interim Resolution Professional. Various Intervention Applications were filed by home buyers and financial creditors, with the Tribunal issuing interim directions to manage the CIRP process and ensure completion of ongoing construction projects. Case-Laws Insolvency and Bankruptcy Fri, 10 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423879