https://www.taxtmi.com/caselaws?id=314217 NCLT New Delhi admitted a petition for initiation of CIRP against a corporate debtor. The financial creditor established existence of debt through comprehensive documentation including mortgage certificates from ROC, financial contracts with consortium lenders, and evidence of facilities provided. Total estimated security value held by all lenders was Rs. 271.85 crores as per AARC assessment. The tribunal found overwhelming evidence proving the debt amount advanced to the corporate debtor, satisfying requirements for financial debt existence and default under insolvency proceedings. en-us Tue, 14 Nov 2017 00:00:00 +0530 Sun, 26 May 2024 14:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314217 NCLT New Delhi admitted a petition for initiation of CIRP against a corporate debtor. The financial creditor established existence of debt through comprehensive documentation including mortgage certificates from ROC, financial contracts with consortium lenders, and evidence of facilities provided. Total estimated security value held by all lenders was Rs. 271.85 crores as per AARC assessment. The tribunal found overwhelming evidence proving the debt amount advanced to the corporate debtor, satisfying requirements for financial debt existence and default under insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314217