https://www.taxtmi.com/caselaws?id=369250 A Section 7 Insolvency and Bankruptcy Code application was treated as complete where the financial debt, assignment in favour of the applicant, non-performing account classification, and SARFAESI notice and possession steps supported default. The corporate debtor raised no objection to admission, and no disciplinary proceedings were pending against the proposed interim resolution professional. On that basis, the petition was admitted, corporate insolvency resolution process was directed to commence, and a moratorium under the Insolvency and Bankruptcy Code was ordered. en-us Tue, 25 Sep 2018 00:00:00 +0530 Wed, 24 Oct 2018 08:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369250 A Section 7 Insolvency and Bankruptcy Code application was treated as complete where the financial debt, assignment in favour of the applicant, non-performing account classification, and SARFAESI notice and possession steps supported default. The corporate debtor raised no objection to admission, and no disciplinary proceedings were pending against the proposed interim resolution professional. On that basis, the petition was admitted, corporate insolvency resolution process was directed to commence, and a moratorium under the Insolvency and Bankruptcy Code was ordered. Case-Laws Insolvency and Bankruptcy Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369250