https://www.taxtmi.com/caselaws?id=378475 A Section 10 insolvency application was held admissible because it was filed in the prescribed form with the required documents and disclosures, and the record established debt and default. Objections based on alleged non-disclosure, pending recovery proceedings and SARFAESI measures were rejected because they did not show any statutory ineligibility and did not bar admission of a complete application under the Code. The Adjudicating Authority held that it could not travel beyond the record required by the Code and Rules; once completeness and default were shown, admission followed and corporate insolvency resolution process, with moratorium and ancillary directions, was ordered to commence. en-us Tue, 19 Feb 2019 00:00:00 +0530 Wed, 22 Sep 2021 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378475 A Section 10 insolvency application was held admissible because it was filed in the prescribed form with the required documents and disclosures, and the record established debt and default. Objections based on alleged non-disclosure, pending recovery proceedings and SARFAESI measures were rejected because they did not show any statutory ineligibility and did not bar admission of a complete application under the Code. The Adjudicating Authority held that it could not travel beyond the record required by the Code and Rules; once completeness and default were shown, admission followed and corporate insolvency resolution process, with moratorium and ancillary directions, was ordered to commence. Case-Laws Insolvency and Bankruptcy Tue, 19 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378475