https://www.taxtmi.com/caselaws?id=352705 Under Section 7 of the Insolvency and Bankruptcy Code, 2016, default is established by non-payment of a debt when due and payable, and the financial creditor supported the claim with loan records, security documents, account statements and bank certificates while the corporate debtor did not dispute default. The application was also complete, with the prescribed particulars and supporting evidence on record, and the proposed interim resolution professional had filed the required written communication with no disciplinary proceedings pending. On that basis, the petition was admitted, the corporate insolvency resolution process commenced, and moratorium was declared. en-us Fri, 24 Nov 2017 00:00:00 +0530 Wed, 03 Jan 2018 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352705 Under Section 7 of the Insolvency and Bankruptcy Code, 2016, default is established by non-payment of a debt when due and payable, and the financial creditor supported the claim with loan records, security documents, account statements and bank certificates while the corporate debtor did not dispute default. The application was also complete, with the prescribed particulars and supporting evidence on record, and the proposed interim resolution professional had filed the required written communication with no disciplinary proceedings pending. On that basis, the petition was admitted, the corporate insolvency resolution process commenced, and moratorium was declared. Case-Laws Insolvency and Bankruptcy Fri, 24 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352705