https://www.taxtmi.com/caselaws?id=349756 Service of the section 7 application was treated as compliant because the papers were sent to the corporate debtor's correspondence address and then to its registered office, and the debtor appeared after service. Objections based on discrepancy in account statements and alleged suppression of material facts were rejected because the figures matched and no payment had been made during the relevant period. As default was established and the financial creditors had proposed an interim resolution professional with written consent, the statutory requirements for admission were held satisfied, the application was admitted, and the corporate insolvency resolution process commenced with moratorium and ancillary directions. en-us Mon, 04 Sep 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349756 Service of the section 7 application was treated as compliant because the papers were sent to the corporate debtor's correspondence address and then to its registered office, and the debtor appeared after service. Objections based on discrepancy in account statements and alleged suppression of material facts were rejected because the figures matched and no payment had been made during the relevant period. As default was established and the financial creditors had proposed an interim resolution professional with written consent, the statutory requirements for admission were held satisfied, the application was admitted, and the corporate insolvency resolution process commenced with moratorium and ancillary directions. Case-Laws Insolvency and Bankruptcy Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349756