https://www.taxtmi.com/caselaws?id=384952 The Tribunal admitted the Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor, State Bank of India, against the Corporate Debtor due to non-repayment of outstanding dues. A moratorium was declared, appointing an Interim Resolution Professional and ensuring essential supplies to the Corporate Debtor. The moratorium would remain in effect until the completion of the insolvency resolution process, approval of a resolution plan, or liquidation, as per the Code's provisions. The petition was admitted, initiating the insolvency resolution process. en-us Fri, 07 Jun 2019 00:00:00 +0530 Tue, 27 Aug 2019 07:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384952 The Tribunal admitted the Company Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor, State Bank of India, against the Corporate Debtor due to non-repayment of outstanding dues. A moratorium was declared, appointing an Interim Resolution Professional and ensuring essential supplies to the Corporate Debtor. The moratorium would remain in effect until the completion of the insolvency resolution process, approval of a resolution plan, or liquidation, as per the Code's provisions. The petition was admitted, initiating the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384952