https://www.taxtmi.com/caselaws?id=392466 The petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 was found maintainable by the Tribunal. The Financial Creditors successfully established a case for triggering the Corporate Insolvency Resolution Process due to the Corporate Debtor's default in repayment and dishonored cheques. The Tribunal appointed Mr. Anil Tayal as the Interim Resolution Professional, declared a moratorium, and directed public announcement and deposit of expenses. The defenses raised by the Corporate Debtor were rejected for lack of documentary evidence. en-us Mon, 21 Oct 2019 00:00:00 +0530 Fri, 21 Feb 2020 11:07:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392466 The petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 was found maintainable by the Tribunal. The Financial Creditors successfully established a case for triggering the Corporate Insolvency Resolution Process due to the Corporate Debtor's default in repayment and dishonored cheques. The Tribunal appointed Mr. Anil Tayal as the Interim Resolution Professional, declared a moratorium, and directed public announcement and deposit of expenses. The defenses raised by the Corporate Debtor were rejected for lack of documentary evidence. Case-Laws Insolvency and Bankruptcy Mon, 21 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392466