https://www.taxtmi.com/caselaws?id=366069 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, appointing Mr. Om Prakash Vijay as the Interim Resolution Professional and declaring a moratorium. The Tribunal rejected the Corporate Debtor's objections regarding the validity of the Share Purchase Agreement, legal proceedings against Mr. Lalit Modi, and the impact of the arbitration clause. The IRP was instructed to proceed with the Corporate Insolvency Resolution Process, emphasizing the completeness of the application and the existence of default. en-us Wed, 13 Jun 2018 00:00:00 +0530 Wed, 29 Aug 2018 06:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366069 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, appointing Mr. Om Prakash Vijay as the Interim Resolution Professional and declaring a moratorium. The Tribunal rejected the Corporate Debtor's objections regarding the validity of the Share Purchase Agreement, legal proceedings against Mr. Lalit Modi, and the impact of the arbitration clause. The IRP was instructed to proceed with the Corporate Insolvency Resolution Process, emphasizing the completeness of the application and the existence of default. Case-Laws Insolvency and Bankruptcy Wed, 13 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366069