https://www.taxtmi.com/caselaws?id=285619 A complete section 7 application under the Insolvency and Bankruptcy Code is admitted where the financial creditor proves financial debt, default, and compliance with limitation, and the record is supported by loan documents, account statements, NPA classification, and the debtor's admission of liability. On that material, the Tribunal found the debt due and payable, default above the statutory threshold established, and the application within limitation. It also noted that the proposed Interim Resolution Professional had no disciplinary proceedings pending. The application was admitted, moratorium was declared, public announcement was directed, and an Interim Resolution Professional was appointed. en-us Fri, 20 Sep 2019 00:00:00 +0530 Thu, 07 May 2020 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285619 A complete section 7 application under the Insolvency and Bankruptcy Code is admitted where the financial creditor proves financial debt, default, and compliance with limitation, and the record is supported by loan documents, account statements, NPA classification, and the debtor's admission of liability. On that material, the Tribunal found the debt due and payable, default above the statutory threshold established, and the application within limitation. It also noted that the proposed Interim Resolution Professional had no disciplinary proceedings pending. The application was admitted, moratorium was declared, public announcement was directed, and an Interim Resolution Professional was appointed. Case-Laws Insolvency and Bankruptcy Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285619