NCLT Admits Insolvency Petition Against Osia Hyper Retail

NCLT Ahmedabad admits Section 7 IBC petition by Aphelion Finance against Osia Hyper Retail for default on Rs. 6.72 crore debt.
Corporate Insolvency Resolution Process initiated with appointment of Mr. Ritesh Prakash Adatiya as Interim Resolution Professional.
Financial creditor directed to deposit Rs. 2 lakhs for CIRP expenses; moratorium imposed under Section 14 of IBC.
Dispute involved vendor financing with Osia as guarantor; partial payments made but full amount remains unpaid.