NCLT Admits Authum's ₹50.22 Cr Insolvency Petition Against RNA Lifestyle

NCLT Mumbai admits Authum Investment's Section 7 IBC petition against RNA Lifestyle for a ₹50.22 crore default on three term loans.
Tribunal overrules CD's objections on limitation, stamp duty, and parallel proceedings, finding debt and default established.
Moratorium declared; NPV Insolvency Professionals appointed as IRP with FC directed to deposit ₹3 lakh for initial CIRP costs.
The order clarifies the limited scope of inquiry under Section 7, relying on Supreme Court precedents like Innoventive Industries.