NCLT Admits Zenith Media Insolvency Petition Against Nirvikar Films

NCLT admits Section 9 insolvency petition against Nirvikar Films LLP for defaulting on operational debt of ₹1.49 crore owed to Zenith Media Scope.
Corporate Debtor contested maintainability, arguing principal debt of ₹89.56 lakh was below ₹1 crore threshold, but Tribunal included interest.
Tribunal found no dispute existed as Corporate Debtor repeatedly acknowledged debt and only sought time for payment in communications.
Lovneet Handa appointed as Interim Resolution Professional; moratorium imposed and CIRP initiated against Nirvikar Films LLP.