https://www.taxtmi.com/caselaws?id=390257 The Tribunal admitted Union Bank of India's application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Tayal Food Limited due to loan default. Jurisdiction was established as the Corporate Debtor's office was in Raipur. An Interim Resolution Professional was appointed to manage the process, and a moratorium was declared. The Professional was tasked with creditor details and a Resolution Plan. Communication of the order was directed to relevant parties via Speed Post and email to proceed with the insolvency resolution process. en-us Thu, 03 Oct 2019 00:00:00 +0530 Fri, 27 Dec 2019 07:24:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390257 The Tribunal admitted Union Bank of India's application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Tayal Food Limited due to loan default. Jurisdiction was established as the Corporate Debtor's office was in Raipur. An Interim Resolution Professional was appointed to manage the process, and a moratorium was declared. The Professional was tasked with creditor details and a Resolution Plan. Communication of the order was directed to relevant parties via Speed Post and email to proceed with the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Thu, 03 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390257