NCLT Ahmedabad admits Section 9 insolvency petition against Pithadai Construction for default on Rs 1.30 crore operational debt.
Tribunal rejects Corporate Debtor's pre-existing dispute claim, finding no evidence of dispute prior to demand notice.
Moratorium declared under Section 14 and Mr. Khushvinder Singhal appointed as Interim Resolution Professional.
Operational Creditor directed to advance Rs 2 lakh to IRP for initial CIRP costs as per IBBI regulations.