https://www.taxtmi.com/caselaws?id=377315 The petition seeking Corporate Insolvency Resolution Process of a Corporate Debtor due to default under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted. The petitioners, including a trust and a debenture trustee, proved the default in payment of substantial amounts through evidence and legal notices. The Tribunal appointed an Interim Resolution Professional to oversee the insolvency resolution process, imposing a moratorium and specifying necessary directions until completion of the resolution process or liquidation. en-us Fri, 14 Dec 2018 00:00:00 +0530 Thu, 28 Mar 2019 06:53:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377315 The petition seeking Corporate Insolvency Resolution Process of a Corporate Debtor due to default under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted. The petitioners, including a trust and a debenture trustee, proved the default in payment of substantial amounts through evidence and legal notices. The Tribunal appointed an Interim Resolution Professional to oversee the insolvency resolution process, imposing a moratorium and specifying necessary directions until completion of the resolution process or liquidation. Case-Laws Insolvency and Bankruptcy Fri, 14 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377315