Informative

NCLT Admits Insolvency Petition; CIRP Initiated Against US-Based Debtor

Update / Judgement Date

26 Nov 2025

Source

Taxscan

Author

Sakshi Bhardwaj — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy Code

NCLT admitted HDFC Bank’s insolvency petition against a US-based debtor after acknowledgment of liability, triggering CIRP. The article discusses cross-border claims, procedural standards, creditor rights, and India’s insolvency framework’s global reach.

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NCLT Admits Insolvency Petition; CIRP Initiated Against US-Based Debtor

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