https://www.taxtmi.com/caselaws?id=388594 The Tribunal admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, despite the respondent's argument on maintainability as a financial services provider. The Tribunal held that the respondent's default on lease and rental dues did not fall under the definition of financial services, allowing initiation of Corporate Insolvency Resolution Process. An Insolvency Professional was appointed, and a moratorium was imposed under Section 14 of the Code to protect debtor assets during the resolution process. en-us Mon, 04 Nov 2019 00:00:00 +0530 Tue, 19 Nov 2019 11:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388594 The Tribunal admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, despite the respondent's argument on maintainability as a financial services provider. The Tribunal held that the respondent's default on lease and rental dues did not fall under the definition of financial services, allowing initiation of Corporate Insolvency Resolution Process. An Insolvency Professional was appointed, and a moratorium was imposed under Section 14 of the Code to protect debtor assets during the resolution process. Case-Laws Insolvency and Bankruptcy Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388594