https://www.taxtmi.com/caselaws?id=393559 Section 7 admission under the Insolvency and Bankruptcy Code turns on proof of financial debt, default, and a complete application. The text records that the corporate debtor accepted the loan and did not dispute liability or the debt's character, while the creditor supported the claim with loan records, bank statements, balance confirmation and other documents. It also notes that the claim was not shown to be time-barred and no disciplinary action was pending against the proposed interim resolution professional. On that basis, the application was admitted, moratorium followed, and the named professional was appointed as interim resolution professional. en-us Fri, 09 Aug 2019 00:00:00 +0530 Thu, 19 Mar 2020 10:35:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393559 Section 7 admission under the Insolvency and Bankruptcy Code turns on proof of financial debt, default, and a complete application. The text records that the corporate debtor accepted the loan and did not dispute liability or the debt's character, while the creditor supported the claim with loan records, bank statements, balance confirmation and other documents. It also notes that the claim was not shown to be time-barred and no disciplinary action was pending against the proposed interim resolution professional. On that basis, the application was admitted, moratorium followed, and the named professional was appointed as interim resolution professional. Case-Laws Insolvency and Bankruptcy Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393559