https://www.taxtmi.com/caselaws?id=281256 The Court admitted the petition filed by a Financial Creditor under Section 7 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for defaulting on repayment of dues related to a Term Loan and Open Cash Credit Facility. The Court confirmed the existence of the debt and default, leading to the appointment of an Interim Resolution Professional to oversee the insolvency resolution process. The order included reliefs such as instituting suits, imposing a moratorium, and managing the Corporate Debtor's assets. en-us Mon, 11 Jun 2018 00:00:00 +0530 Tue, 11 Jun 2019 06:00:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281256 The Court admitted the petition filed by a Financial Creditor under Section 7 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for defaulting on repayment of dues related to a Term Loan and Open Cash Credit Facility. The Court confirmed the existence of the debt and default, leading to the appointment of an Interim Resolution Professional to oversee the insolvency resolution process. The order included reliefs such as instituting suits, imposing a moratorium, and managing the Corporate Debtor's assets. Case-Laws Insolvency and Bankruptcy Mon, 11 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281256