https://www.taxtmi.com/caselaws?id=379601 Documentary evidence of disbursal of credit facilities, execution of security documents, acknowledgment of debt, account classification as non-performing asset, and the account statement was found sufficient to establish financial debt and default. Service of notice on the corporate debtor was treated as adequate, and the debtor's non-appearance after opportunities supported proceeding on the materials before the Tribunal. On that basis, the conditions for commencement of the corporate insolvency resolution process were satisfied, moratorium was directed, and an interim resolution professional and public announcement were ordered under the Insolvency and Bankruptcy Code, 2016. en-us Mon, 04 Mar 2019 00:00:00 +0530 Mon, 06 May 2019 05:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379601 Documentary evidence of disbursal of credit facilities, execution of security documents, acknowledgment of debt, account classification as non-performing asset, and the account statement was found sufficient to establish financial debt and default. Service of notice on the corporate debtor was treated as adequate, and the debtor's non-appearance after opportunities supported proceeding on the materials before the Tribunal. On that basis, the conditions for commencement of the corporate insolvency resolution process were satisfied, moratorium was directed, and an interim resolution professional and public announcement were ordered under the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Mon, 04 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379601