https://www.taxtmi.com/caselaws?id=347200 A corporate debtor's section 10 application under the Insolvency and Bankruptcy Code, 2016 was found to comply with the prescribed requirements under section 10 read with Rule 7 of the 2016 Rules, including disclosure of creditors, debt, default, securities, assets and liabilities, financial statements, and the proposed Interim Resolution Professional. As no defect was identified that justified refusal, the Tribunal held the application maintainable and admitted it. On admission, the statutory moratorium under section 14 was directed to operate, and commencement of the corporate insolvency resolution process was to be publicly announced. en-us Tue, 01 Aug 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347200 A corporate debtor's section 10 application under the Insolvency and Bankruptcy Code, 2016 was found to comply with the prescribed requirements under section 10 read with Rule 7 of the 2016 Rules, including disclosure of creditors, debt, default, securities, assets and liabilities, financial statements, and the proposed Interim Resolution Professional. As no defect was identified that justified refusal, the Tribunal held the application maintainable and admitted it. On admission, the statutory moratorium under section 14 was directed to operate, and commencement of the corporate insolvency resolution process was to be publicly announced. Case-Laws Insolvency and Bankruptcy Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347200