https://www.taxtmi.com/caselaws?id=382587 A section 7 IBC petition was admitted where the financial creditor established disbursement and default through sanction documents, security documents, balance confirmations, account statements and credit records. The corporate debtor did not dispute execution of the loan documents or the existence of default, and objections on outstanding quantum, interest entries and part-payment were treated as issues for examination in the corporate insolvency resolution process. The application was also found to be in the prescribed form with the interim resolution professional's consent and particulars in order, so the CIRP was directed to commence with moratorium and appointment of the interim resolution professional. en-us Fri, 12 Apr 2019 00:00:00 +0530 Sat, 06 Jul 2019 07:59:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382587 A section 7 IBC petition was admitted where the financial creditor established disbursement and default through sanction documents, security documents, balance confirmations, account statements and credit records. The corporate debtor did not dispute execution of the loan documents or the existence of default, and objections on outstanding quantum, interest entries and part-payment were treated as issues for examination in the corporate insolvency resolution process. The application was also found to be in the prescribed form with the interim resolution professional's consent and particulars in order, so the CIRP was directed to commence with moratorium and appointment of the interim resolution professional. Case-Laws Insolvency and Bankruptcy Fri, 12 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382587