https://www.taxtmi.com/caselaws?id=369614 Default under a financial debt may be established through account statements, bankers' certificates, and demand notices showing non-payment and classification of the account as non-performing. A Section 7 application is complete where objections on charge particulars or computation are cured by later filings, and the absence of information-utility records does not defeat admission if other reliable evidence proves default. Admission also requires no pending disciplinary proceedings against the proposed Resolution Professional, supported by consent and eligibility certification. Where these elements are satisfied, the corporate insolvency resolution process follows, with moratorium and appointment of an Interim Resolution Professional. en-us Tue, 25 Sep 2018 00:00:00 +0530 Wed, 31 Oct 2018 10:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369614 Default under a financial debt may be established through account statements, bankers' certificates, and demand notices showing non-payment and classification of the account as non-performing. A Section 7 application is complete where objections on charge particulars or computation are cured by later filings, and the absence of information-utility records does not defeat admission if other reliable evidence proves default. Admission also requires no pending disciplinary proceedings against the proposed Resolution Professional, supported by consent and eligibility certification. Where these elements are satisfied, the corporate insolvency resolution process follows, with moratorium and appointment of an Interim Resolution Professional. Case-Laws Insolvency and Bankruptcy Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369614