https://www.taxtmi.com/caselaws?id=354510 A duly executed and sufficiently broad bank authorisation was accepted for filing a Section 7 insolvency petition, and the objection to the power of attorney failed. Pending appeal in a winding-up matter, Joint Lenders Forum proceedings, and RBI guidelines did not bar maintainability, as they could not override the Code. Objections based on stamping defects and the form of bank account evidence were also rejected. An external commercial borrowing agreement governed by English law did not oust Indian insolvency jurisdiction over the corporate debtor. Debt and default were established on the record, so the petition was admitted and moratorium followed. en-us Fri, 08 Dec 2017 00:00:00 +0530 Tue, 30 Jan 2018 11:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354510 A duly executed and sufficiently broad bank authorisation was accepted for filing a Section 7 insolvency petition, and the objection to the power of attorney failed. Pending appeal in a winding-up matter, Joint Lenders Forum proceedings, and RBI guidelines did not bar maintainability, as they could not override the Code. Objections based on stamping defects and the form of bank account evidence were also rejected. An external commercial borrowing agreement governed by English law did not oust Indian insolvency jurisdiction over the corporate debtor. Debt and default were established on the record, so the petition was admitted and moratorium followed. Case-Laws Insolvency and Bankruptcy Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354510