https://www.taxtmi.com/caselaws?id=285985 The Tribunal admitted the petition filed by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, against a real estate developer Corporate Debtor for default in payment obligations. The objections raised by the Corporate Debtor were dismissed, leading to the appointment of an Interim Resolution Professional. A moratorium was declared, and directions were given for the financial creditor to deposit funds with the IRP. The Tribunal emphasized compliance with the Code's provisions, addressing complaints against financial creditors and issuing procedural directions for the resolution process. en-us Tue, 20 Aug 2019 00:00:00 +0530 Thu, 06 Feb 2020 17:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285985 The Tribunal admitted the petition filed by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, against a real estate developer Corporate Debtor for default in payment obligations. The objections raised by the Corporate Debtor were dismissed, leading to the appointment of an Interim Resolution Professional. A moratorium was declared, and directions were given for the financial creditor to deposit funds with the IRP. The Tribunal emphasized compliance with the Code's provisions, addressing complaints against financial creditors and issuing procedural directions for the resolution process. Case-Laws Insolvency and Bankruptcy Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285985