NCLT Admits CIRP Against Our Food Private Limited

The decision highlights two important aspects of Section 7 proceedings: the relevance of a repayment made within the limitation period and the importance of the original filing date where a petition is returned for defects and subsequently refiled. The Tribunal found a financial debt and default exceeding the statutory ₹1 crore threshold, admitted the petition and commenced the Corporate Insolvency Resolution Process (CIRP).