https://www.taxtmi.com/caselaws?id=379791 The Financial Creditor initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for defaulting on repayment. Despite the Corporate Debtor's claims of discrepancies in loan accounts and pre-existing disputes, the Tribunal found in favor of the Financial Creditor. The Tribunal admitted the Company Petition, commenced CIRP, declared a moratorium, and appointed an Interim Resolution Professional due to the lack of settlement between the parties and insufficient evidence supporting the Corporate Debtor's contentions. en-us Fri, 15 Mar 2019 00:00:00 +0530 Wed, 08 May 2019 07:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379791 The Financial Creditor initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for defaulting on repayment. Despite the Corporate Debtor's claims of discrepancies in loan accounts and pre-existing disputes, the Tribunal found in favor of the Financial Creditor. The Tribunal admitted the Company Petition, commenced CIRP, declared a moratorium, and appointed an Interim Resolution Professional due to the lack of settlement between the parties and insufficient evidence supporting the Corporate Debtor's contentions. Case-Laws Insolvency and Bankruptcy Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379791