https://www.taxtmi.com/caselaws?id=387137 The Adjudicating Authority admitted the petition filed by the Financial Creditor under Section 7 of The Insolvency and Bankruptcy Code, 2016, due to the respondent company's default in repaying a term loan facility. The Authority confirmed the debt and default, appointed an interim resolution professional, and declared a moratorium under Section 14 of the Code. The moratorium prohibits certain actions against the corporate debtor and will remain in effect until the completion of the insolvency resolution process or the approval of a resolution plan or liquidation order. The petition was disposed of without costs, with communication of the order to relevant parties. en-us Wed, 19 Jun 2019 00:00:00 +0530 Fri, 18 Oct 2019 07:17:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387137 The Adjudicating Authority admitted the petition filed by the Financial Creditor under Section 7 of The Insolvency and Bankruptcy Code, 2016, due to the respondent company's default in repaying a term loan facility. The Authority confirmed the debt and default, appointed an interim resolution professional, and declared a moratorium under Section 14 of the Code. The moratorium prohibits certain actions against the corporate debtor and will remain in effect until the completion of the insolvency resolution process or the approval of a resolution plan or liquidation order. The petition was disposed of without costs, with communication of the order to relevant parties. Case-Laws Insolvency and Bankruptcy Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387137