In the matter of Mansi International Private Limited Cp (Ib) - 1701-I&B-MB-2019
Case brief
What is this about?
NCLT Mumbai Bench admitted an insolvency petition filed by Indiabulls Consumer Finance Limited against Mansi International Private Limited under Section 7 of the I&B Code, 2016, holding that the debtor had defaulted on loan instalments and admitted liability.
What did the court decide?
Petition admitted; moratorium imposed; Ms. Rajshree Padia appointed as Interim Resolution Professional; notice to transmit order.
What the court decided
IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH
CP (IB) - 1701/I&B/MB/2019 Under Section 7 of the I&B Code, 2016
In the matter of
Indiabulls Consumer Finance Limited M-62 & 63, First Floor, Connaught Place, New Delhi- 110 001
.... Petitioner/Financial Creditor
Vs.
Mansi International Private Limited F-03, APMC Market I, Phase II, Vashi, Navi Mumbai 400 703
.…/Corporate Debtor Order delivered on: 11.10.2019
Coram:
Hon’ble Shri Bhaskara Pantula Mohan, Member (J) Hon’ble Shri Shyam Babu Gautam, Member (T)
For the Petitioner: Ms. Priyanka Shah, Apex Law Partners, Advocate For the Corporate Debtor: Ms. Rajkanya Bhokare, Advocate
Per: Shri Shyam Babu Gautam, Member (T)
Issues for consideration
1 issue framed by the court
Whether the existence of debt and default by the corporate debtor is reasonably established to admit the insolvency petition under Section 7(I&B) Code, 2016.
Parties & counsel
- applicant
Indiabulls Consumer Finance Limited
Coram
Bhaskara Pantula Mohan
Shyam Babu Gautam
Case details
As recorded by the court registry
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