https://www.taxtmi.com/caselaws?id=360994 An application under Section 10 of the Insolvency and Bankruptcy Code, 2016 was found maintainable where loan documents, creditor statements, books of account and financial statements sufficiently established outstanding debt and default. On that material, the National Company Law Tribunal held that the requirements for admission were met and admitted the application. The corporate insolvency resolution process was initiated, moratorium was declared, and the proposed interim resolution professional was appointed, with directions to comply with the Code and related process requirements. en-us Fri, 20 Apr 2018 00:00:00 +0530 Sat, 26 May 2018 09:42:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360994 An application under Section 10 of the Insolvency and Bankruptcy Code, 2016 was found maintainable where loan documents, creditor statements, books of account and financial statements sufficiently established outstanding debt and default. On that material, the National Company Law Tribunal held that the requirements for admission were met and admitted the application. The corporate insolvency resolution process was initiated, moratorium was declared, and the proposed interim resolution professional was appointed, with directions to comply with the Code and related process requirements. Case-Laws Insolvency and Bankruptcy Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360994