NCLT Admits Centurion Remedies Insolvency Petition

NCLT Ahmedabad admits Section 9 insolvency petition against Centurion Remedies for default on Rs 3.25 crore operational debt.
Corporate Debtor's defense of pre-existing supply disputes was rejected as illusory and unsupported by contemporaneous evidence.
IRP Mohit Chawla appointed to manage CIRP; moratorium declared under Section 14 effective immediately.
Operational Creditor Covalent Laboratories supplied pharmaceutical goods and proved debt via invoices, NeSL record, and part payment.