https://www.taxtmi.com/caselaws?id=195604 An application under Section 10 of the Insolvency and Bankruptcy Code was admitted after examination of the corporate debtor's books, balance sheet, profit and loss account, and reflected liabilities, with uncertainty over the debt classification and sundry creditors supporting commencement of the corporate insolvency resolution process. The moratorium under Section 14 was construed literally to protect only the corporate debtor's own property, rights, and security interests. Properties belonging to promoters or third parties, and not shown as assets of the corporate debtor, were held outside the moratorium, so enforcement against such non-owned flats was not restrained. en-us Mon, 03 Jul 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195604 An application under Section 10 of the Insolvency and Bankruptcy Code was admitted after examination of the corporate debtor's books, balance sheet, profit and loss account, and reflected liabilities, with uncertainty over the debt classification and sundry creditors supporting commencement of the corporate insolvency resolution process. The moratorium under Section 14 was construed literally to protect only the corporate debtor's own property, rights, and security interests. Properties belonging to promoters or third parties, and not shown as assets of the corporate debtor, were held outside the moratorium, so enforcement against such non-owned flats was not restrained. Case-Laws Insolvency and Bankruptcy Mon, 03 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195604