https://www.taxtmi.com/caselaws?id=368228 The tribunal admitted the petition filed by M/s. ICICI Bank Limited under Section 7 of the Insolvency & Bankruptcy Code, 2016, against M/s. Lanco Babandh Power Limited, citing the existence of financial debt and occurrence of default. An Interim Resolution Professional was appointed, and a moratorium was declared under Sections 13 and 14 of the Code. The tribunal's decision was based on the completeness of the petition and compliance with the Code's provisions, leading to the initiation of the Corporate Insolvency Resolution Process. en-us Wed, 29 Aug 2018 00:00:00 +0530 Thu, 04 Oct 2018 07:31:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368228 The tribunal admitted the petition filed by M/s. ICICI Bank Limited under Section 7 of the Insolvency & Bankruptcy Code, 2016, against M/s. Lanco Babandh Power Limited, citing the existence of financial debt and occurrence of default. An Interim Resolution Professional was appointed, and a moratorium was declared under Sections 13 and 14 of the Code. The tribunal's decision was based on the completeness of the petition and compliance with the Code's provisions, leading to the initiation of the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368228