https://www.taxtmi.com/caselaws?id=347200 The Tribunal confirmed jurisdiction over the case due to the Applicant Company's location in Delhi. The insolvency application was authorized by the company's director. Financial creditors like Axis Bank and UCO Bank were involved, with Axis Bank not opposing the application. The Applicant faced historical financial difficulties and had been declared sick by BIFR previously. The petition was admitted, a moratorium declared, and an Interim Resolution Professional appointed. The resolution process was directed to be completed within 100 days, considering the Applicant's prior moratorium under SICA. 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 The Tribunal confirmed jurisdiction over the case due to the Applicant Company's location in Delhi. The insolvency application was authorized by the company's director. Financial creditors like Axis Bank and UCO Bank were involved, with Axis Bank not opposing the application. The Applicant faced historical financial difficulties and had been declared sick by BIFR previously. The petition was admitted, a moratorium declared, and an Interim Resolution Professional appointed. The resolution process was directed to be completed within 100 days, considering the Applicant's prior moratorium under SICA. Case-Laws Insolvency and Bankruptcy Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347200