https://www.taxtmi.com/caselaws?id=275484 The tribunal determined M/S Tomorrow Sales Agency Pvt. Ltd. as a 'Financial Creditor' under the Insolvency and Bankruptcy Code 2016. The loan advanced to the respondent constituted a 'Financial Debt,' and the respondent defaulted on repayment. The respondent's defense was dismissed, and the insolvency resolution process was initiated, appointing an interim Insolvency Resolution Professional. The tribunal issued interim orders to manage the respondent's operations and assets. Further proceedings were scheduled for 25.4.2017. en-us Thu, 23 Feb 2017 00:00:00 +0530 Fri, 05 Oct 2018 07:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275484 The tribunal determined M/S Tomorrow Sales Agency Pvt. Ltd. as a 'Financial Creditor' under the Insolvency and Bankruptcy Code 2016. The loan advanced to the respondent constituted a 'Financial Debt,' and the respondent defaulted on repayment. The respondent's defense was dismissed, and the insolvency resolution process was initiated, appointing an interim Insolvency Resolution Professional. The tribunal issued interim orders to manage the respondent's operations and assets. Further proceedings were scheduled for 25.4.2017. Case-Laws Companies Law Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275484