https://www.taxtmi.com/caselaws?id=387936 Where financial debt and default are established by the documentary record, and the applicant complies with the statutory requirements for admission under Section 7 of the Insolvency and Bankruptcy Code, the petition is maintainable and must be admitted. The Tribunal noted supporting loan and account records, found the default proved, and accepted that the proposed Interim Resolution Professional was suitable on the basis of the filed declaration and written communication. The Corporate Insolvency Resolution Process was therefore commenced against the corporate debtor, moratorium was imposed, public announcement was directed, and the Interim Resolution Professional was appointed. en-us Thu, 25 Jul 2019 00:00:00 +0530 Tue, 05 Nov 2019 10:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387936 Where financial debt and default are established by the documentary record, and the applicant complies with the statutory requirements for admission under Section 7 of the Insolvency and Bankruptcy Code, the petition is maintainable and must be admitted. The Tribunal noted supporting loan and account records, found the default proved, and accepted that the proposed Interim Resolution Professional was suitable on the basis of the filed declaration and written communication. The Corporate Insolvency Resolution Process was therefore commenced against the corporate debtor, moratorium was imposed, public announcement was directed, and the Interim Resolution Professional was appointed. Case-Laws Insolvency and Bankruptcy Thu, 25 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387936