https://www.taxtmi.com/caselaws?id=287255 The petition under section 7 of the Insolvency and Bankruptcy Code was admitted against Durha Vitrak Private Limited by LIC Housing Finance Limited. The default amount of INR 39,97,98,092.27 was established through bounced cheques and legal notices. The Tribunal found compliance with the IBC and appointed an Interim Resolution Professional, declared a moratorium, and directed the deposit of INR 2 lacs. Directions were given for document provision and addressing discrepancies in the statement of account. The resolution process was initiated efficiently following the Tribunal's decision. en-us Fri, 08 Nov 2019 00:00:00 +0530 Mon, 06 Apr 2020 10:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287255 The petition under section 7 of the Insolvency and Bankruptcy Code was admitted against Durha Vitrak Private Limited by LIC Housing Finance Limited. The default amount of INR 39,97,98,092.27 was established through bounced cheques and legal notices. The Tribunal found compliance with the IBC and appointed an Interim Resolution Professional, declared a moratorium, and directed the deposit of INR 2 lacs. Directions were given for document provision and addressing discrepancies in the statement of account. The resolution process was initiated efficiently following the Tribunal's decision. Case-Laws Insolvency and Bankruptcy Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287255