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    <title>2017 (4) TMI 1267 - NATIONAL COMPANY LAW TRIBUNAL, CHANDIGARH</title>
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    <description>The Tribunal admitted the petition filed by Punjab National Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor for default in payment of financial debt. The Tribunal declared a moratorium, appointed an Interim Resolution Professional, and directed the commencement of the corporate insolvency resolution process. The moratorium would remain in effect until the resolution process concludes or liquidation is ordered.</description>
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      <description>The Tribunal admitted the petition filed by Punjab National Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor for default in payment of financial debt. The Tribunal declared a moratorium, appointed an Interim Resolution Professional, and directed the commencement of the corporate insolvency resolution process. The moratorium would remain in effect until the resolution process concludes or liquidation is ordered.</description>
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