https://www.taxtmi.com/caselaws?id=366384 The Tribunal confirmed its territorial jurisdiction over the case, authorized the application filed by Oriental Bank of Commerce, and found extensive evidence of financial debt and default by the Corporate Debtor. Despite objections raised by the Corporate Debtor, including issues related to service, authority, and claim amount, the Tribunal deemed the application maintainable under Section 7 of the Insolvency and Bankruptcy Code, 2016. Shri Kishan Gopal Somani was appointed as the Interim Resolution Professional, and a moratorium was declared under Section 14 of the Code. The Tribunal directed the IRP to proceed with public announcements and communicated the order to relevant parties. en-us Fri, 20 Jul 2018 00:00:00 +0530 Mon, 03 Sep 2018 12:14:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366384 The Tribunal confirmed its territorial jurisdiction over the case, authorized the application filed by Oriental Bank of Commerce, and found extensive evidence of financial debt and default by the Corporate Debtor. Despite objections raised by the Corporate Debtor, including issues related to service, authority, and claim amount, the Tribunal deemed the application maintainable under Section 7 of the Insolvency and Bankruptcy Code, 2016. Shri Kishan Gopal Somani was appointed as the Interim Resolution Professional, and a moratorium was declared under Section 14 of the Code. The Tribunal directed the IRP to proceed with public announcements and communicated the order to relevant parties. Case-Laws Insolvency and Bankruptcy Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366384