Cardiac Care Insolvency Petition Admitted by NCLT

NCLT Jaipur admits Section 9 insolvency petition against Cardiac Care for non-payment of operational debt.
Petitioner ACE Cardiopathy claims Rs 1.8 crore principal and Rs 19.7 lakh interest for medical supplies.
Tribunal rejects Respondent's allegations of collusion and overpricing as a 'moonshine defence'.
IRP Arvind Kaushik appointed to oversee CIRP; moratorium imposed on Cardiac Care.