https://www.taxtmi.com/caselaws?id=392681 The National Company Law Tribunal, Ahmedabad, admitted the Insolvency Petition filed by a Financial Creditor against a Corporate Debtor for defaulting on a loan repayment of Rs. 15,00,000. The Court appointed an Interim Resolution Professional and declared a moratorium under the Insolvency and Bankruptcy Code, prohibiting actions against the Corporate Debtor until the completion of the resolution process. The judgment provided detailed guidance on initiating insolvency proceedings and managing defaults, ensuring compliance with the Code's provisions. en-us Wed, 04 Dec 2019 00:00:00 +0530 Wed, 26 Feb 2020 11:16:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392681 The National Company Law Tribunal, Ahmedabad, admitted the Insolvency Petition filed by a Financial Creditor against a Corporate Debtor for defaulting on a loan repayment of Rs. 15,00,000. The Court appointed an Interim Resolution Professional and declared a moratorium under the Insolvency and Bankruptcy Code, prohibiting actions against the Corporate Debtor until the completion of the resolution process. The judgment provided detailed guidance on initiating insolvency proceedings and managing defaults, ensuring compliance with the Code's provisions. Case-Laws Insolvency and Bankruptcy Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392681