https://www.taxtmi.com/caselaws?id=286156 The Tribunal found that a financial transaction occurred between the parties, determining that the dealings constituted a financial debt under the Insolvency and Bankruptcy Code. The Corporate Debtor's objections were rejected, and the Petition was admitted, leading to the imposition of a moratorium under Section 14 of the Code. Mr. Sandeep Kumar Bhatt was appointed as the Interim Resolution Professional, tasked with necessary actions as per the Code. The next hearing was scheduled for February 12, 2019, with instructions for compliance communicated to both parties and the IRP. en-us Wed, 02 Jan 2019 00:00:00 +0530 Fri, 14 Feb 2020 19:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286156 The Tribunal found that a financial transaction occurred between the parties, determining that the dealings constituted a financial debt under the Insolvency and Bankruptcy Code. The Corporate Debtor's objections were rejected, and the Petition was admitted, leading to the imposition of a moratorium under Section 14 of the Code. Mr. Sandeep Kumar Bhatt was appointed as the Interim Resolution Professional, tasked with necessary actions as per the Code. The next hearing was scheduled for February 12, 2019, with instructions for compliance communicated to both parties and the IRP. Case-Laws Insolvency and Bankruptcy Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286156