https://www.taxtmi.com/caselaws?id=347521 The Tribunal concluded that the petitioner qualifies as a "Financial Creditor" under the Insolvency & Bankruptcy Code, 2016, based on the Trade Finance Facility Agreement. The application for initiating insolvency resolution process was deemed maintainable despite objections raised by the Corporate Debtor regarding jurisdiction and terms of the agreement. The petitioner provided sufficient evidence of default, while objections raised by the Corporate Debtor were dismissed for lack of supporting evidence. The Tribunal admitted the petition, imposing a moratorium and directing the continuation of essential supplies to the Corporate Debtor during the process. en-us Fri, 28 Jul 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347521 The Tribunal concluded that the petitioner qualifies as a "Financial Creditor" under the Insolvency & Bankruptcy Code, 2016, based on the Trade Finance Facility Agreement. The application for initiating insolvency resolution process was deemed maintainable despite objections raised by the Corporate Debtor regarding jurisdiction and terms of the agreement. The petitioner provided sufficient evidence of default, while objections raised by the Corporate Debtor were dismissed for lack of supporting evidence. The Tribunal admitted the petition, imposing a moratorium and directing the continuation of essential supplies to the Corporate Debtor during the process. Case-Laws Insolvency and Bankruptcy Fri, 28 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347521