https://www.taxtmi.com/caselaws?id=358490 The application under section 7 of the Insolvency and Bankruptcy Code, 2016 for corporate insolvency resolution process was admitted by the adjudicating authority. The financial creditors' claims of default by the corporate debtor were upheld, leading to the appointment of an Interim Resolution Professional and imposition of a moratorium under section 14 of the Code. The authority found the application admissible, dismissed the corporate debtor's defenses, and directed compliance with the specified provisions during the moratorium period. en-us Mon, 12 Feb 2018 00:00:00 +0530 Fri, 13 Apr 2018 06:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358490 The application under section 7 of the Insolvency and Bankruptcy Code, 2016 for corporate insolvency resolution process was admitted by the adjudicating authority. The financial creditors' claims of default by the corporate debtor were upheld, leading to the appointment of an Interim Resolution Professional and imposition of a moratorium under section 14 of the Code. The authority found the application admissible, dismissed the corporate debtor's defenses, and directed compliance with the specified provisions during the moratorium period. Case-Laws Insolvency and Bankruptcy Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358490