https://www.taxtmi.com/caselaws?id=381054 A section 7 insolvency petition is maintainable where financial debt and default are established through the corporate debtor's own written admissions and contemporaneous supporting records, even if objections are raised about stamping or the completeness of some documents. The tribunal relied on the assignment agreement, loan and security papers, charge-registration filings, bank statements, and later correspondence accepting restructuring to find the application complete and the debt proved. Technical objections to supporting instruments did not defeat admission when the claim was otherwise substantiated. Accordingly, the petition was admitted and CIRP, with moratorium and consequential directions, was ordered to commence. en-us Wed, 13 Feb 2019 00:00:00 +0530 Tue, 04 Jun 2019 08:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381054 A section 7 insolvency petition is maintainable where financial debt and default are established through the corporate debtor's own written admissions and contemporaneous supporting records, even if objections are raised about stamping or the completeness of some documents. The tribunal relied on the assignment agreement, loan and security papers, charge-registration filings, bank statements, and later correspondence accepting restructuring to find the application complete and the debt proved. Technical objections to supporting instruments did not defeat admission when the claim was otherwise substantiated. Accordingly, the petition was admitted and CIRP, with moratorium and consequential directions, was ordered to commence. Case-Laws Insolvency and Bankruptcy Wed, 13 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381054