https://www.taxtmi.com/caselaws?id=345585 The Tribunal admitted the application under section 7 of the Insolvency and Bankruptcy Code, 2016, filed by a Non-Banking Financial Company against a Corporate Debtor for defaulting on a loan. Legal notices for repayment were ignored, leading to the appointment of an Insolvency Professional and initiation of the insolvency resolution process. Despite completing service without opposition, the Corporate Debtor did not contest the claims. The Tribunal found merit in the petition, admitted it, and issued directions for the insolvency resolution process, triggering a moratorium under Section 14 of the Code. en-us Tue, 27 Jun 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345585 The Tribunal admitted the application under section 7 of the Insolvency and Bankruptcy Code, 2016, filed by a Non-Banking Financial Company against a Corporate Debtor for defaulting on a loan. Legal notices for repayment were ignored, leading to the appointment of an Insolvency Professional and initiation of the insolvency resolution process. Despite completing service without opposition, the Corporate Debtor did not contest the claims. The Tribunal found merit in the petition, admitted it, and issued directions for the insolvency resolution process, triggering a moratorium under Section 14 of the Code. Case-Laws Insolvency and Bankruptcy Tue, 27 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345585