https://www.taxtmi.com/caselaws?id=373466 The tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. A moratorium was declared, appointing an Interim Resolution Professional. The evidence of default provided by the Financial Creditor was deemed sufficient. The decision aligned with legal interpretations favoring the IBC's applicability over the Companies Act, even post a winding-up order. en-us Tue, 11 Dec 2018 00:00:00 +0530 Mon, 14 Jan 2019 07:33:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373466 The tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. A moratorium was declared, appointing an Interim Resolution Professional. The evidence of default provided by the Financial Creditor was deemed sufficient. The decision aligned with legal interpretations favoring the IBC's applicability over the Companies Act, even post a winding-up order. Case-Laws Insolvency and Bankruptcy Tue, 11 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373466