https://www.taxtmi.com/caselaws?id=394407 The Tribunal admitted the application under section 7 of The Insolvency and Bankruptcy Code, 2016, filed by M/s Amritvani Exim Private Limited against M/s. Ajanta Offset Packaging Ltd. for initiation of Corporate Insolvency Resolution Process. The Corporate Debtor's default in loan repayment was proven with evidence provided by the Financial Creditor, leading to the acceptance of liability by the Corporate Debtor. The Tribunal appointed an Insolvency Resolution Professional, imposed a moratorium, and directed the Financial Creditor to deposit funds for expenses. The order was communicated to all relevant parties for necessary actions. en-us Tue, 04 Feb 2020 00:00:00 +0530 Sat, 11 Apr 2020 10:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394407 The Tribunal admitted the application under section 7 of The Insolvency and Bankruptcy Code, 2016, filed by M/s Amritvani Exim Private Limited against M/s. Ajanta Offset Packaging Ltd. for initiation of Corporate Insolvency Resolution Process. The Corporate Debtor's default in loan repayment was proven with evidence provided by the Financial Creditor, leading to the acceptance of liability by the Corporate Debtor. The Tribunal appointed an Insolvency Resolution Professional, imposed a moratorium, and directed the Financial Creditor to deposit funds for expenses. The order was communicated to all relevant parties for necessary actions. Case-Laws Insolvency and Bankruptcy Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394407