https://www.taxtmi.com/caselaws?id=287108 The Tribunal admitted the Company Petition, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor due to defaults in loan repayments. The Financial Creditor's claims were found credible, leading to the appointment of an Interim Resolution Professional and declaration of a moratorium. The Tribunal rejected the Corporate Debtor's challenges, including jurisdictional objections and allegations of malice, and emphasized adherence to the Insolvency and Bankruptcy Code provisions. Requests for dismissal under Section 65 were denied, affirming the validity of the petition and the need for resolution proceedings. en-us Thu, 30 Aug 2018 00:00:00 +0530 Sun, 29 Mar 2020 19:03:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287108 The Tribunal admitted the Company Petition, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor due to defaults in loan repayments. The Financial Creditor's claims were found credible, leading to the appointment of an Interim Resolution Professional and declaration of a moratorium. The Tribunal rejected the Corporate Debtor's challenges, including jurisdictional objections and allegations of malice, and emphasized adherence to the Insolvency and Bankruptcy Code provisions. Requests for dismissal under Section 65 were denied, affirming the validity of the petition and the need for resolution proceedings. Case-Laws Insolvency and Bankruptcy Thu, 30 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287108