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NCLT admitted insolvency plea as financial creditor proved default of repayment of loan by corporate debtor

May 10, 2018[2018] 93 48 (NCLT - Kolkata)/[2018] 147 SCL 257 (NCLT - Kolkata)

IBC : Where applicant financial creditor filed instant application under section 7 on ground that corporate debtor had committed default in making payment of loan and in said connection, a copy of statement of accounts of corporate debtor maintained by financial creditor and certified in terms of Bankers' Book Evidence Act, 1891 evidencing loan given to corporate debtor was also filed, petition filed under sub-section (3) of section 7 being complete in all respects, same deserved to be admitted

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