https://www.taxtmi.com/caselaws?id=380413 The Tribunal admitted the petition filed by the Financial Creditor under Section 7 of the Insolvency & Bankruptcy Code, 2016, due to the Corporate Debtor's default in repaying a loan amount. The evidence presented by the Creditor established the debt and default, leading to the initiation of the Corporate Insolvency Resolution Process. The Tribunal declared a moratorium, appointed an Interim Resolution Professional, and directed the public announcement of the insolvency resolution process, effective until the completion of the CIRP or approval of a resolution plan. en-us Wed, 20 Mar 2019 00:00:00 +0530 Tue, 21 May 2019 07:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380413 The Tribunal admitted the petition filed by the Financial Creditor under Section 7 of the Insolvency & Bankruptcy Code, 2016, due to the Corporate Debtor's default in repaying a loan amount. The evidence presented by the Creditor established the debt and default, leading to the initiation of the Corporate Insolvency Resolution Process. The Tribunal declared a moratorium, appointed an Interim Resolution Professional, and directed the public announcement of the insolvency resolution process, effective until the completion of the CIRP or approval of a resolution plan. Case-Laws Insolvency and Bankruptcy Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380413