https://www.taxtmi.com/caselaws?id=393341 The National Company Law Tribunal, Cuttack, admitted the bank's application under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process against a paper mill company due to loan default. The Tribunal established the debt and default, declared a moratorium, appointed an Interim Resolution Professional, and outlined the resolution process. This decision marked the commencement of the Corporate Insolvency Resolution Process for the Corporate Debtor, with procedural steps set for resolution proceedings. en-us Thu, 14 Nov 2019 00:00:00 +0530 Fri, 13 Mar 2020 11:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393341 The National Company Law Tribunal, Cuttack, admitted the bank's application under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process against a paper mill company due to loan default. The Tribunal established the debt and default, declared a moratorium, appointed an Interim Resolution Professional, and outlined the resolution process. This decision marked the commencement of the Corporate Insolvency Resolution Process for the Corporate Debtor, with procedural steps set for resolution proceedings. Case-Laws Insolvency and Bankruptcy Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393341