https://www.taxtmi.com/caselaws?id=371455 The financial creditor established default through loan and security documents, account statements and other material showing disbursal, non-payment and classification of the account as non-performing. The application also contained the requisite particulars of default and a valid proposed interim resolution professional, and the corporate debtor did not dispute default or object to admission. The statutory requirements for admission under the Insolvency and Bankruptcy Code were therefore satisfied, so the petition was admitted, moratorium was declared and the interim resolution professional was appointed to carry out duties under the Code and the applicable regulations. en-us Thu, 11 Oct 2018 00:00:00 +0530 Tue, 04 Dec 2018 14:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371455 The financial creditor established default through loan and security documents, account statements and other material showing disbursal, non-payment and classification of the account as non-performing. The application also contained the requisite particulars of default and a valid proposed interim resolution professional, and the corporate debtor did not dispute default or object to admission. The statutory requirements for admission under the Insolvency and Bankruptcy Code were therefore satisfied, so the petition was admitted, moratorium was declared and the interim resolution professional was appointed to carry out duties under the Code and the applicable regulations. Case-Laws Insolvency and Bankruptcy Thu, 11 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371455