https://www.taxtmi.com/caselaws?id=193725 An application under Section 10 of the Insolvency and Bankruptcy Code was found maintainable because the corporate applicant showed default, outstanding debt, and liabilities exceeding assets, and the proposed Interim Resolution Professional provided consent with no disclosed disciplinary proceedings. On that basis, the Tribunal admitted the application, triggered the statutory moratorium under Section 14, appointed the Interim Resolution Professional, and directed public announcement and commencement of the corporate insolvency resolution process. en-us Tue, 11 Apr 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193725 An application under Section 10 of the Insolvency and Bankruptcy Code was found maintainable because the corporate applicant showed default, outstanding debt, and liabilities exceeding assets, and the proposed Interim Resolution Professional provided consent with no disclosed disciplinary proceedings. On that basis, the Tribunal admitted the application, triggered the statutory moratorium under Section 14, appointed the Interim Resolution Professional, and directed public announcement and commencement of the corporate insolvency resolution process. Case-Laws Insolvency and Bankruptcy Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193725