https://www.taxtmi.com/caselaws?id=382881 Where financial debt, disbursal and continuing default are admitted, sectoral or project-related difficulties do not by themselves negate default or justify refusal of admission under section 7 of the Insolvency and Bankruptcy Code, 2016. The text notes that the proposed interim resolution professional had consented and no disciplinary objection was shown, so the statutory conditions for commencement of the corporate insolvency resolution process were satisfied. On that basis, the application was admitted, moratorium was ordered, and an interim resolution professional was appointed. en-us Thu, 09 May 2019 00:00:00 +0530 Fri, 12 Jul 2019 07:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382881 Where financial debt, disbursal and continuing default are admitted, sectoral or project-related difficulties do not by themselves negate default or justify refusal of admission under section 7 of the Insolvency and Bankruptcy Code, 2016. The text notes that the proposed interim resolution professional had consented and no disciplinary objection was shown, so the statutory conditions for commencement of the corporate insolvency resolution process were satisfied. On that basis, the application was admitted, moratorium was ordered, and an interim resolution professional was appointed. Case-Laws Insolvency and Bankruptcy Thu, 09 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382881