https://www.taxtmi.com/caselaws?id=376330 The Tribunal deemed the application under Section 7 of the Insolvency & Bankruptcy Code maintainable, initiating Corporate Insolvency Resolution Process against the Corporate Debtor. A moratorium was imposed, appointing Mr. Surya Kanta Satapathy as the Interim Resolution Professional. The Tribunal clarified the debt was not time-barred, had crystallized, and the valuation of mortgaged properties did not exceed the debt amount. The ruling emphasized the application of I&B Code provisions over other laws and scheduled a progress report filing for 06.03.2019. en-us Thu, 17 Jan 2019 00:00:00 +0530 Thu, 07 Mar 2019 07:46:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376330 The Tribunal deemed the application under Section 7 of the Insolvency & Bankruptcy Code maintainable, initiating Corporate Insolvency Resolution Process against the Corporate Debtor. A moratorium was imposed, appointing Mr. Surya Kanta Satapathy as the Interim Resolution Professional. The Tribunal clarified the debt was not time-barred, had crystallized, and the valuation of mortgaged properties did not exceed the debt amount. The ruling emphasized the application of I&B Code provisions over other laws and scheduled a progress report filing for 06.03.2019. Case-Laws Insolvency and Bankruptcy Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376330