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Information Utility Record Not Exclusive Proof of Default Under Section 7: NCLT Delhi
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AdvertisementAkkme Food Craft Limited Vs Regal Enterprises Limited (NCLT Delhi) The National Company Law Tribunal (NCLT), Delhi Bench, admitted an application filed by M/s.
Akkme Food Craft Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s.
Regal Enterprises Limited in respect of an alleged financial default of ₹1,05,74,726 as on 31.01.2026.
According to the Financial Creditor, the Corporate Debtor, which had business dealings as a supplier of dry fruits and grocery items, sought financial assistance in...