https://www.taxtmi.com/caselaws?id=355271 The petition filed by Union Bank of India as a Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016 against a Corporate Debtor for non-payment of debt was admitted. The Corporate Debtor's account was declared as Non-Performing Assets, and a moratorium was declared under Section 14 of the Code. An Insolvency Resolution Professional was appointed to manage the affairs of the Corporate Debtor, and the case was listed for further proceedings based on the IRP's report. en-us Wed, 15 Nov 2017 00:00:00 +0530 Tue, 13 Feb 2018 06:15:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355271 The petition filed by Union Bank of India as a Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016 against a Corporate Debtor for non-payment of debt was admitted. The Corporate Debtor's account was declared as Non-Performing Assets, and a moratorium was declared under Section 14 of the Code. An Insolvency Resolution Professional was appointed to manage the affairs of the Corporate Debtor, and the case was listed for further proceedings based on the IRP's report. Case-Laws Insolvency and Bankruptcy Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355271