https://www.taxtmi.com/caselaws?id=287270 The Tribunal admitted the Financial Creditor's application under section 7 of the Insolvency and Bankruptcy Code against the Corporate Debtor for defaulting on a financial debt. It ruled that the application was maintainable despite the Corporate Debtor's challenges, emphasizing the Code's supremacy. The Tribunal validated the Special Officer's authority to initiate proceedings, clarified the definition of 'Financial Creditor' under the Code, and appointed a Resolution Professional while declaring a moratorium for the Corporate Insolvency Resolution Process to proceed. en-us Thu, 25 Apr 2019 00:00:00 +0530 Tue, 07 Apr 2020 09:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287270 The Tribunal admitted the Financial Creditor's application under section 7 of the Insolvency and Bankruptcy Code against the Corporate Debtor for defaulting on a financial debt. It ruled that the application was maintainable despite the Corporate Debtor's challenges, emphasizing the Code's supremacy. The Tribunal validated the Special Officer's authority to initiate proceedings, clarified the definition of 'Financial Creditor' under the Code, and appointed a Resolution Professional while declaring a moratorium for the Corporate Insolvency Resolution Process to proceed. Case-Laws Insolvency and Bankruptcy Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287270