https://www.taxtmi.com/caselaws?id=371068 The National Company Law Tribunal (NCLT), New Delhi, had territorial jurisdiction to adjudicate a case where a petitioner, claiming non-payment of assured returns under an agreement, filed an application as a financial creditor. The Tribunal found the application compliant with the Insolvency and Bankruptcy Code, appointed an Interim Resolution Professional, and declared a moratorium under the Code. The respondent's continuous acknowledgment of debt within the limitation period supported the admission of the application, leading to the initiation of the Corporate Insolvency Resolution Process. en-us Mon, 15 Oct 2018 00:00:00 +0530 Wed, 28 Nov 2018 07:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371068 The National Company Law Tribunal (NCLT), New Delhi, had territorial jurisdiction to adjudicate a case where a petitioner, claiming non-payment of assured returns under an agreement, filed an application as a financial creditor. The Tribunal found the application compliant with the Insolvency and Bankruptcy Code, appointed an Interim Resolution Professional, and declared a moratorium under the Code. The respondent's continuous acknowledgment of debt within the limitation period supported the admission of the application, leading to the initiation of the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371068