https://www.taxtmi.com/caselaws?id=388962 An application under Section 7 of the Insolvency and Bankruptcy Code was found maintainable where financial records showed disbursement of credit, existence of debt, and default after the account turned non-performing. The Tribunal held that jurisdiction lay where the corporate debtor's registered office was situated, the claim was within limitation, and the proposed insolvency professional had given consent without disciplinary impediment. On these findings, the company petition was admitted, corporate insolvency resolution process commenced, and moratorium and related CIRP consequences followed. en-us Fri, 20 Sep 2019 00:00:00 +0530 Thu, 28 Nov 2019 11:08:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388962 An application under Section 7 of the Insolvency and Bankruptcy Code was found maintainable where financial records showed disbursement of credit, existence of debt, and default after the account turned non-performing. The Tribunal held that jurisdiction lay where the corporate debtor's registered office was situated, the claim was within limitation, and the proposed insolvency professional had given consent without disciplinary impediment. On these findings, the company petition was admitted, corporate insolvency resolution process commenced, and moratorium and related CIRP consequences followed. Case-Laws Insolvency and Bankruptcy Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388962