https://www.taxtmi.com/caselaws?id=389243 A Section 7 IBC application was admitted where the financial creditor proved disbursement of credit facilities, subsisting liability and non-payment through sanction letters, loan records, account statements and demand notice. The corporate debtor also admitted the debt in its reply affidavit. The tribunal found the application complete in the prescribed form, supported by the required documents, and noted that the proposed interim resolution professional faced no pending disciplinary proceeding. On satisfaction of these statutory conditions, admission followed and moratorium under Section 14 came into force. en-us Fri, 19 Jul 2019 00:00:00 +0530 Wed, 04 Dec 2019 11:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389243 A Section 7 IBC application was admitted where the financial creditor proved disbursement of credit facilities, subsisting liability and non-payment through sanction letters, loan records, account statements and demand notice. The corporate debtor also admitted the debt in its reply affidavit. The tribunal found the application complete in the prescribed form, supported by the required documents, and noted that the proposed interim resolution professional faced no pending disciplinary proceeding. On satisfaction of these statutory conditions, admission followed and moratorium under Section 14 came into force. Case-Laws Insolvency and Bankruptcy Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389243