https://www.taxtmi.com/caselaws?id=275243 The Tribunal found that Mr. Meghraj Deshmukh was duly authorized to initiate the corporate insolvency process against the debtor. As the assignee of SBI, the petitioner had the right to file the petition under the Insolvency and Bankruptcy Code. The Tribunal asserted its jurisdiction despite parallel proceedings in other forums, emphasizing the moratorium under the I&B Code. The petition was deemed admissible, with a total default amount of Rs. 127,03,68,411/-. Consequently, the petition was admitted, an Interim Resolution Professional appointed, and a moratorium declared as per the I&B Code. en-us Tue, 29 Aug 2017 00:00:00 +0530 Tue, 25 Sep 2018 08:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275243 The Tribunal found that Mr. Meghraj Deshmukh was duly authorized to initiate the corporate insolvency process against the debtor. As the assignee of SBI, the petitioner had the right to file the petition under the Insolvency and Bankruptcy Code. The Tribunal asserted its jurisdiction despite parallel proceedings in other forums, emphasizing the moratorium under the I&B Code. The petition was deemed admissible, with a total default amount of Rs. 127,03,68,411/-. Consequently, the petition was admitted, an Interim Resolution Professional appointed, and a moratorium declared as per the I&B Code. Case-Laws Insolvency and Bankruptcy Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275243