NCLT Admits ICICI Bank's Insolvency Petition Against Param Renewable

NCLT Ahmedabad admits ICICI Bank's Section 7 IBC petition against Param Renewable Energy for a default of ₹15.24 crore.
The tribunal found existence of financial debt and default established via authenticated Information Utility record dated 31.05.2025.
Mr. Khushvinder Singhal appointed as IRP; moratorium declared under Section 14 effective immediately.
Corporate Debtor's defences, including alleged legal incapacity from a separate court order, were rejected by the bench.