https://www.taxtmi.com/caselaws?id=380093 The court admitted the petition, declaring a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016. This prohibited legal actions against the corporate debtor and asset transfers. The failure to repay credit facilities and the unsuccessful One-Time Settlement proposal led to the initiation of the insolvency resolution process. en-us Tue, 02 Apr 2019 00:00:00 +0530 Tue, 14 May 2019 07:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380093 The court admitted the petition, declaring a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016. This prohibited legal actions against the corporate debtor and asset transfers. The failure to repay credit facilities and the unsuccessful One-Time Settlement proposal led to the initiation of the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380093