https://www.taxtmi.com/caselaws?id=345859 The tribunal found the company petition maintainable under section 7 of the Insolvency & Bankruptcy Code 2016, as the financial creditor provided sufficient evidence of default. The tribunal dismissed objections regarding the absence of records, adjudication of the claim, production of financial records, pending company petitions, definition of 'financial creditor,' compliance with procedural requirements, provision of additional facilities, and stamp duty on the assignment agreement. Consequently, the tribunal admitted the company petition, appointed an Interim Resolution Professional, imposed a moratorium, and initiated the corporate insolvency resolution process against the corporate debtor. en-us Tue, 06 Jun 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345859 The tribunal found the company petition maintainable under section 7 of the Insolvency & Bankruptcy Code 2016, as the financial creditor provided sufficient evidence of default. The tribunal dismissed objections regarding the absence of records, adjudication of the claim, production of financial records, pending company petitions, definition of 'financial creditor,' compliance with procedural requirements, provision of additional facilities, and stamp duty on the assignment agreement. Consequently, the tribunal admitted the company petition, appointed an Interim Resolution Professional, imposed a moratorium, and initiated the corporate insolvency resolution process against the corporate debtor. Case-Laws Insolvency and Bankruptcy Tue, 06 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345859