NCLT Kolkata Bench admits Section 7 IBC application filed by Abhishek Agarwal against Shree Dwarkadhish Udyog Private Limited for default on ₹1.55 crore financial debt.
Tribunal finds financial debt established through loan agreement with 9% interest and acknowledges corporate debtor's admission of liability in books and correspondence.
Corporate debtor has additional ₹3.03 crore principal income tax liability which must be considered by resolution professional during claims verification.
Mr. Umesh Kumar appointed as Interim Resolution Professional with moratorium imposed and CIRP timeline mandated under IBBI regulations.