https://www.taxtmi.com/caselaws?id=351970 The petition filed by Punjab National Bank (PNB) under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted by the tribunal. The corporate debtor defaulted on repayment, leading to an outstanding amount of Rs. 20,96,67,934. The tribunal rejected the corporate debtor's claim of protection under RBI guidelines for MSME rehabilitation. Mr. Rajeev Khurana was appointed as the Interim Resolution Professional, and a moratorium was declared under Section 14(1) of the Code. The tribunal directed the continuation of essential goods or services to the corporate debtor during the moratorium period. en-us Fri, 03 Nov 2017 00:00:00 +0530 Wed, 03 Jan 2018 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351970 The petition filed by Punjab National Bank (PNB) under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted by the tribunal. The corporate debtor defaulted on repayment, leading to an outstanding amount of Rs. 20,96,67,934. The tribunal rejected the corporate debtor's claim of protection under RBI guidelines for MSME rehabilitation. Mr. Rajeev Khurana was appointed as the Interim Resolution Professional, and a moratorium was declared under Section 14(1) of the Code. The tribunal directed the continuation of essential goods or services to the corporate debtor during the moratorium period. Case-Laws Insolvency and Bankruptcy Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351970