https://www.taxtmi.com/caselaws?id=281994 The Tribunal granted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for Corporate Insolvency Resolution Process against the respondent company for default in loan repayment. Territorial jurisdiction was established due to the respondent's registered office in Delhi. Mr. Lekhraj Bajaj was appointed as the Interim Resolution Professional. The application was deemed admissible, the limitation objection was overruled, and the applicant was recognized as a Financial Creditor. A moratorium under Section 14 was imposed, protecting the respondent from legal actions except for essential services and sureties. en-us Tue, 12 Feb 2019 00:00:00 +0530 Wed, 17 Jul 2019 07:48:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281994 The Tribunal granted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for Corporate Insolvency Resolution Process against the respondent company for default in loan repayment. Territorial jurisdiction was established due to the respondent's registered office in Delhi. Mr. Lekhraj Bajaj was appointed as the Interim Resolution Professional. The application was deemed admissible, the limitation objection was overruled, and the applicant was recognized as a Financial Creditor. A moratorium under Section 14 was imposed, protecting the respondent from legal actions except for essential services and sureties. Case-Laws Insolvency and Bankruptcy Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281994