https://www.taxtmi.com/caselaws?id=285916 The Tribunal found the petition under Section 7 of the Insolvency and Bankruptcy Code maintainable as the requirements were met. The Corporate Debtor defaulted on repayment, leading to the initiation of Corporate Insolvency Resolution Process. The RBI Circular was deemed inapplicable to the petitioner, and the petition was filed with proper authorization. The claimed amount was considered accurate, and an Interim Resolution Professional was appointed. A moratorium was declared, prohibiting certain actions against the Corporate Debtor. en-us Tue, 27 Nov 2018 00:00:00 +0530 Mon, 03 Feb 2020 08:37:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285916 The Tribunal found the petition under Section 7 of the Insolvency and Bankruptcy Code maintainable as the requirements were met. The Corporate Debtor defaulted on repayment, leading to the initiation of Corporate Insolvency Resolution Process. The RBI Circular was deemed inapplicable to the petitioner, and the petition was filed with proper authorization. The claimed amount was considered accurate, and an Interim Resolution Professional was appointed. A moratorium was declared, prohibiting certain actions against the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285916