https://www.taxtmi.com/caselaws?id=388196 The Financial Creditor successfully obtained a judgment for the recovery of outstanding amounts under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor. The court admitted the application, appointed an Interim Resolution Professional, and enforced the moratorium provisions under Section 14, thereby restricting actions against the Corporate Debtor. The Respondent's counter claim against the Petitioner was dismissed, emphasizing the failure to meet loan terms. The decision by the National Company Law Tribunal, New Delhi Bench-III, ensured the initiation of the Corporate Insolvency Resolution Process with necessary legal measures in place. en-us Wed, 28 Aug 2019 00:00:00 +0530 Mon, 11 Nov 2019 09:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388196 The Financial Creditor successfully obtained a judgment for the recovery of outstanding amounts under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor. The court admitted the application, appointed an Interim Resolution Professional, and enforced the moratorium provisions under Section 14, thereby restricting actions against the Corporate Debtor. The Respondent's counter claim against the Petitioner was dismissed, emphasizing the failure to meet loan terms. The decision by the National Company Law Tribunal, New Delhi Bench-III, ensured the initiation of the Corporate Insolvency Resolution Process with necessary legal measures in place. Case-Laws Insolvency and Bankruptcy Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388196