https://www.taxtmi.com/caselaws?id=349309 The Tribunal admitted the petition filed by Bank of Baroda under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Ultra Home Construction Private Limited. The application was found valid, the authority of the person filing was upheld, and the existence of financial debt and default was proven. Objections raised by the corporate debtor were dismissed, the Interim Resolution Professional was substituted, and a moratorium was declared. The Tribunal directed cooperation with the IRP and disposed of the petition accordingly. en-us Wed, 04 Oct 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349309 The Tribunal admitted the petition filed by Bank of Baroda under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Ultra Home Construction Private Limited. The application was found valid, the authority of the person filing was upheld, and the existence of financial debt and default was proven. Objections raised by the corporate debtor were dismissed, the Interim Resolution Professional was substituted, and a moratorium was declared. The Tribunal directed cooperation with the IRP and disposed of the petition accordingly. Case-Laws Insolvency and Bankruptcy Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349309