https://www.taxtmi.com/caselaws?id=350962 The Appellate Tribunal upheld the admission of the application under Section 7 of the I&B Code, finding that the Financial Creditor had properly authorized its officer to file the application for Corporate Insolvency Resolution Process. The Tribunal emphasized that the officer's authorization by the Financial Creditor was sufficient, regardless of the terminology used, and that the officer's designation and authorization were crucial. As a result, the appeal was dismissed, affirming the order admitting the application and declaring a moratorium. en-us Tue, 17 Oct 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350962 The Appellate Tribunal upheld the admission of the application under Section 7 of the I&B Code, finding that the Financial Creditor had properly authorized its officer to file the application for Corporate Insolvency Resolution Process. The Tribunal emphasized that the officer's authorization by the Financial Creditor was sufficient, regardless of the terminology used, and that the officer's designation and authorization were crucial. As a result, the appeal was dismissed, affirming the order admitting the application and declaring a moratorium. Case-Laws Insolvency and Bankruptcy Tue, 17 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350962