https://www.taxtmi.com/caselaws?id=357616 An assignee of financial debt can be treated as a financial creditor for Section 7 of the Insolvency and Bankruptcy Code, and objections to stamp duty, registration, or the mortgaged asset nature of the assignment deed did not prevent reliance on the deed where the assignment was otherwise validly invoked. The Tribunal also found the petition competent because it was filed by an authorised representative under a valid resolution, and technical name discrepancies were not substantive. On the evidence of loan documents, debt acknowledgements, certified account statements, and non-payment, default was shown; exact quantification of debt was not required at admission. The petition was admitted, moratorium ordered, and an interim resolution professional appointed. en-us Thu, 15 Feb 2018 00:00:00 +0530 Sat, 24 Mar 2018 21:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357616 An assignee of financial debt can be treated as a financial creditor for Section 7 of the Insolvency and Bankruptcy Code, and objections to stamp duty, registration, or the mortgaged asset nature of the assignment deed did not prevent reliance on the deed where the assignment was otherwise validly invoked. The Tribunal also found the petition competent because it was filed by an authorised representative under a valid resolution, and technical name discrepancies were not substantive. On the evidence of loan documents, debt acknowledgements, certified account statements, and non-payment, default was shown; exact quantification of debt was not required at admission. The petition was admitted, moratorium ordered, and an interim resolution professional appointed. Case-Laws Insolvency and Bankruptcy Thu, 15 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357616