https://www.taxtmi.com/caselaws?id=394299 The National Company Law Tribunal, Kolkata Bench, upheld the application under section 7 of the Insolvency & Bankruptcy Code filed by the State Bank of India against M/s. Sri Bir Ispat Private Limited. The Tribunal admitted the application, declared a moratorium, and appointed an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process. This decision aims to facilitate the resolution process and protect the interests of creditors and stakeholders involved in the insolvency proceedings due to the Corporate Debtor's default and non-compliance with loan agreements. en-us Mon, 06 Jan 2020 00:00:00 +0530 Wed, 08 Apr 2020 17:01:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394299 The National Company Law Tribunal, Kolkata Bench, upheld the application under section 7 of the Insolvency & Bankruptcy Code filed by the State Bank of India against M/s. Sri Bir Ispat Private Limited. The Tribunal admitted the application, declared a moratorium, and appointed an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process. This decision aims to facilitate the resolution process and protect the interests of creditors and stakeholders involved in the insolvency proceedings due to the Corporate Debtor's default and non-compliance with loan agreements. Case-Laws Insolvency and Bankruptcy Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394299