https://www.taxtmi.com/caselaws?id=384951 The Tribunal upheld the Adjudicating Authority's decision in an application under section 7 of the Insolvency and Bankruptcy Code, 2016, finding the 'Corporate Debtor' in default of a loan exceeding Rs. 1 Lakh. Despite partial repayment, the remaining amount had not been settled, leading to dismissal of the appeal. The Tribunal emphasized the importance of timely debt repayment and the legal repercussions of defaulting on financial obligations under the Code. en-us Fri, 31 May 2019 00:00:00 +0530 Tue, 27 Aug 2019 07:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384951 The Tribunal upheld the Adjudicating Authority's decision in an application under section 7 of the Insolvency and Bankruptcy Code, 2016, finding the 'Corporate Debtor' in default of a loan exceeding Rs. 1 Lakh. Despite partial repayment, the remaining amount had not been settled, leading to dismissal of the appeal. The Tribunal emphasized the importance of timely debt repayment and the legal repercussions of defaulting on financial obligations under the Code. Case-Laws Insolvency and Bankruptcy Fri, 31 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384951