https://www.taxtmi.com/caselaws?id=360368 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, declaring a moratorium. The case involved jurisdiction, petitioners' status as financial creditors, default by the corporate debtor, admissibility of the petition, and the declaration of moratorium. The Tribunal found the petitioners to be financial creditors and noted the occurrence of default. The moratorium was imposed as per the Code's provisions, prohibiting actions against the corporate debtor. Further orders were scheduled for the appointment of an Interim Resolution Professional and additional directions. en-us Tue, 03 Apr 2018 00:00:00 +0530 Wed, 16 May 2018 06:44:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360368 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, declaring a moratorium. The case involved jurisdiction, petitioners' status as financial creditors, default by the corporate debtor, admissibility of the petition, and the declaration of moratorium. The Tribunal found the petitioners to be financial creditors and noted the occurrence of default. The moratorium was imposed as per the Code's provisions, prohibiting actions against the corporate debtor. Further orders were scheduled for the appointment of an Interim Resolution Professional and additional directions. Case-Laws Insolvency and Bankruptcy Tue, 03 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360368