https://www.taxtmi.com/caselaws?id=350346 Territorial jurisdiction under the Insolvency and Bankruptcy Code is determined by the corporate debtor's registered office under section 60(1), and a contractual clause conferring jurisdiction on another forum cannot displace that statutory rule. On that basis, the objection to jurisdiction was rejected. The section 7 application was also found complete because the record disclosed financial debt, supporting documents, acknowledgements of liability, and proof of default, and the defects initially noted had been cured. The application was therefore admitted, the corporate insolvency resolution process was triggered, an interim resolution professional was appointed, and moratorium followed under the Code. en-us Thu, 14 Sep 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350346 Territorial jurisdiction under the Insolvency and Bankruptcy Code is determined by the corporate debtor's registered office under section 60(1), and a contractual clause conferring jurisdiction on another forum cannot displace that statutory rule. On that basis, the objection to jurisdiction was rejected. The section 7 application was also found complete because the record disclosed financial debt, supporting documents, acknowledgements of liability, and proof of default, and the defects initially noted had been cured. The application was therefore admitted, the corporate insolvency resolution process was triggered, an interim resolution professional was appointed, and moratorium followed under the Code. Case-Laws Insolvency and Bankruptcy Thu, 14 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350346