https://www.taxtmi.com/caselaws?id=284863 The tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by a financial creditor against a corporate debtor for default in payment. Despite objections raised by the corporate debtor regarding project delays due to force majeure conditions, the tribunal found the default established, leading to the appointment of an Interim Resolution Professional and declaration of a moratorium. The tribunal dismissed the debtor's objections, emphasizing compliance with contractual obligations and the lack of evidence supporting the debtor's claims. en-us Thu, 10 Jan 2019 00:00:00 +0530 Sat, 14 Dec 2019 10:05:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284863 The tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by a financial creditor against a corporate debtor for default in payment. Despite objections raised by the corporate debtor regarding project delays due to force majeure conditions, the tribunal found the default established, leading to the appointment of an Interim Resolution Professional and declaration of a moratorium. The tribunal dismissed the debtor's objections, emphasizing compliance with contractual obligations and the lack of evidence supporting the debtor's claims. Case-Laws Insolvency and Bankruptcy Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284863