NCLT admits CFM ARC's Section 7 insolvency petition against Saamag Infrastructure over a ₹504.8 crore default.
Petitioner served advance notice and filed default information with NeSL as required under IBC rules.
Tribunal directs corporate debtor to file reply within 7 days of notice service or face ex-parte proceedings.
Matter listed for further hearing on July 7, 2026, with strict compliance timelines established.