https://www.taxtmi.com/caselaws?id=349360 The application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor (Bank of Baroda) against Amrapali Silicon City Private Limited was deemed complete and valid by the Tribunal. Extensive evidence of default amounting to Rs. 71.15 Crores was provided, leading to the appointment of an Interim Resolution Professional. The Tribunal declared a moratorium under Section 14 of the Code, allowing the resolution process to proceed. The petition was admitted, and the Interim Resolution Professional was directed to carry out necessary duties, with the Corporate Debtor's personnel obligated to cooperate. The intervention by New Okhla Industrial Development Authority was permitted for filing claims. en-us Mon, 04 Sep 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349360 The application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor (Bank of Baroda) against Amrapali Silicon City Private Limited was deemed complete and valid by the Tribunal. Extensive evidence of default amounting to Rs. 71.15 Crores was provided, leading to the appointment of an Interim Resolution Professional. The Tribunal declared a moratorium under Section 14 of the Code, allowing the resolution process to proceed. The petition was admitted, and the Interim Resolution Professional was directed to carry out necessary duties, with the Corporate Debtor's personnel obligated to cooperate. The intervention by New Okhla Industrial Development Authority was permitted for filing claims. Case-Laws Insolvency and Bankruptcy Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349360