https://www.taxtmi.com/caselaws?id=350541 The National Company Law Tribunal, New Delhi, ruled in favor of the Financial Creditor in a case under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor's non-payment of dues related to a power project led to insolvency proceedings. Despite disputes over loan restructuring and delays, the Tribunal admitted the outstanding amount, triggering the Corporate Insolvency Resolution Process and imposing a moratorium under Section 14 of the Code. The judgment prioritized legal compliance, granting the Financial Creditor recovery rights and appointing an Interim Resolution Professional, disregarding the Corporate Debtor's arguments of economic hardship or national interest. en-us Thu, 28 Sep 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350541 The National Company Law Tribunal, New Delhi, ruled in favor of the Financial Creditor in a case under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor's non-payment of dues related to a power project led to insolvency proceedings. Despite disputes over loan restructuring and delays, the Tribunal admitted the outstanding amount, triggering the Corporate Insolvency Resolution Process and imposing a moratorium under Section 14 of the Code. The judgment prioritized legal compliance, granting the Financial Creditor recovery rights and appointing an Interim Resolution Professional, disregarding the Corporate Debtor's arguments of economic hardship or national interest. Case-Laws Insolvency and Bankruptcy Thu, 28 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350541