https://www.taxtmi.com/caselaws?id=386792 The Financial Creditor filed a Company Application under section 7 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for defaulting on loans and guarantor duties. The Corporate Debtor, inheriting liabilities through mergers, failed to repay debts despite recall notices. The High Court approved the transfer of liabilities, confirming the Corporate Debtor's obligation. The Financial Creditor provided acknowledgments to prove non-limitation and, upon admission of the petition, an Interim Resolution Professional was appointed, and a moratorium declared to manage insolvency resolution. en-us Fri, 05 Jul 2019 00:00:00 +0530 Wed, 09 Oct 2019 07:33:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386792 The Financial Creditor filed a Company Application under section 7 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for defaulting on loans and guarantor duties. The Corporate Debtor, inheriting liabilities through mergers, failed to repay debts despite recall notices. The High Court approved the transfer of liabilities, confirming the Corporate Debtor's obligation. The Financial Creditor provided acknowledgments to prove non-limitation and, upon admission of the petition, an Interim Resolution Professional was appointed, and a moratorium declared to manage insolvency resolution. Case-Laws Insolvency and Bankruptcy Fri, 05 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386792