https://www.taxtmi.com/caselaws?id=362016 The tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, finding the application valid and complete. Mr. Naveen Jain was deemed authorized to file the application despite challenges to his authority. The tribunal upheld the admissibility of evidence under the Bankers' Books Evidence Act, 1891. It dismissed objections related to ongoing arbitration and claims, emphasizing the Code's objective to maximize asset value. Mr. Rajiv Chakraborty was appointed as the Interim Resolution Professional, and a moratorium was declared. The tribunal directed cooperation with the Interim Resolution Professional and rejected all objections raised by the Corporate Debtor. en-us Tue, 08 May 2018 00:00:00 +0530 Mon, 18 Jun 2018 08:14:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362016 The tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, finding the application valid and complete. Mr. Naveen Jain was deemed authorized to file the application despite challenges to his authority. The tribunal upheld the admissibility of evidence under the Bankers' Books Evidence Act, 1891. It dismissed objections related to ongoing arbitration and claims, emphasizing the Code's objective to maximize asset value. Mr. Rajiv Chakraborty was appointed as the Interim Resolution Professional, and a moratorium was declared. The tribunal directed cooperation with the Interim Resolution Professional and rejected all objections raised by the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 08 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362016