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Corporate Law | Genuine Debt & Default Exceeding Threshold Justifies CIRP Admission: NCLT Chennai

9 Oct 2026 · 5d agoBy CA Sandeep KanoiSource: TaxGuru

NCLT Chennai admitted Sowcar Electricals’ Section 10 IBC petition after finding debt, default above Rs. 1 crore and no Section 11 ineligibility. The post Genuine Debt & Default Exceeding Threshold Justifies CIRP Admission: NCLT Chennai appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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