https://www.taxtmi.com/caselaws?id=344819 A section 10 Insolvency and Bankruptcy Code petition was treated as maintainable where the company qualified as a corporate applicant and corporate debtor, default in repayment to secured and operational creditors was shown, and the filing requirements, including disclosure of the proposed interim resolution professional, were complied with. Pending BIFR-related proceedings and prior SARFAESI action did not bar admission once the corporate insolvency resolution process was otherwise established on the facts and under the Code. The petition was admitted, an interim resolution professional was appointed, and moratorium commenced under section 14. en-us Tue, 23 May 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344819 A section 10 Insolvency and Bankruptcy Code petition was treated as maintainable where the company qualified as a corporate applicant and corporate debtor, default in repayment to secured and operational creditors was shown, and the filing requirements, including disclosure of the proposed interim resolution professional, were complied with. Pending BIFR-related proceedings and prior SARFAESI action did not bar admission once the corporate insolvency resolution process was otherwise established on the facts and under the Code. The petition was admitted, an interim resolution professional was appointed, and moratorium commenced under section 14. Case-Laws Insolvency and Bankruptcy Tue, 23 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344819