https://www.taxtmi.com/caselaws?id=378829 The petition under Section 7 of The Insolvency and Bankruptcy Code, 2016 was admitted by the Tribunal due to the respondent company's default on repayments of a term loan facility, leading to significant outstanding dues classified as a financial debt. A moratorium was declared under Section 14 of the Code, prohibiting actions against the corporate debtor. The order specified the continuation of essential services and goods supply. The moratorium was to remain in effect until the completion of the insolvency resolution process, with exceptions to specific transactions outlined. en-us Wed, 09 Jan 2019 00:00:00 +0530 Tue, 23 Apr 2019 07:24:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378829 The petition under Section 7 of The Insolvency and Bankruptcy Code, 2016 was admitted by the Tribunal due to the respondent company's default on repayments of a term loan facility, leading to significant outstanding dues classified as a financial debt. A moratorium was declared under Section 14 of the Code, prohibiting actions against the corporate debtor. The order specified the continuation of essential services and goods supply. The moratorium was to remain in effect until the completion of the insolvency resolution process, with exceptions to specific transactions outlined. Case-Laws Insolvency and Bankruptcy Wed, 09 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378829