https://www.taxtmi.com/caselaws?id=359608 Under Section 10 of the Insolvency and Bankruptcy Code, a corporate debtor's self-initiated insolvency application must be admitted once default is shown and the filing is complete in the prescribed form with required disclosures. The Tribunal found the application contained the necessary particulars, financial statements, and proposed interim resolution professional, and held that alleged concealment unrelated to Section 10 and Form 6 requirements was not a valid ground for rejection. The application was therefore admitted, and moratorium under Section 14 followed with the statutory prohibitions and protection of essential supplies. en-us Tue, 20 Mar 2018 00:00:00 +0530 Tue, 01 May 2018 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359608 Under Section 10 of the Insolvency and Bankruptcy Code, a corporate debtor's self-initiated insolvency application must be admitted once default is shown and the filing is complete in the prescribed form with required disclosures. The Tribunal found the application contained the necessary particulars, financial statements, and proposed interim resolution professional, and held that alleged concealment unrelated to Section 10 and Form 6 requirements was not a valid ground for rejection. The application was therefore admitted, and moratorium under Section 14 followed with the statutory prohibitions and protection of essential supplies. Case-Laws Insolvency and Bankruptcy Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359608