https://www.taxtmi.com/caselaws?id=382941 A corporate debtor's Section 10 insolvency application is complete and maintainable when default is shown and the prescribed particulars are furnished, including the proposed interim resolution professional and board approval. In that situation, the adjudicating authority is confined to examining completeness of the application and any ineligibility under Section 11 of the Insolvency and Bankruptcy Code. Objections based on pending SARFAESI recovery proceedings do not, by themselves, defeat a complete Section 10 application or amount to a valid ground for refusal of admission. The application was treated as complete and admissible, and the maintainability objections were rejected. en-us Fri, 10 May 2019 00:00:00 +0530 Sat, 13 Jul 2019 07:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382941 A corporate debtor's Section 10 insolvency application is complete and maintainable when default is shown and the prescribed particulars are furnished, including the proposed interim resolution professional and board approval. In that situation, the adjudicating authority is confined to examining completeness of the application and any ineligibility under Section 11 of the Insolvency and Bankruptcy Code. Objections based on pending SARFAESI recovery proceedings do not, by themselves, defeat a complete Section 10 application or amount to a valid ground for refusal of admission. The application was treated as complete and admissible, and the maintainability objections were rejected. Case-Laws Insolvency and Bankruptcy Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382941