https://www.taxtmi.com/caselaws?id=394599 The National Company Law Tribunal, Kolkata, found in favor of Punjab National Bank in an Application under section 7 of the Insolvency & Bankruptcy Code, 2016 against a Corporate Debtor for default in loan repayment related to a hotel project. The Tribunal deemed the Application maintainable despite objections, established the default through evidence, admitted the Application, appointed an Interim Resolution Professional, and initiated the Corporate Insolvency Resolution Process. The Tribunal's decision included provisions for a moratorium, creditor assessment, and Resolution Applicant identification, ensuring the effective progression of the resolution process. en-us Fri, 13 Dec 2019 00:00:00 +0530 Sat, 18 Apr 2020 14:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394599 The National Company Law Tribunal, Kolkata, found in favor of Punjab National Bank in an Application under section 7 of the Insolvency & Bankruptcy Code, 2016 against a Corporate Debtor for default in loan repayment related to a hotel project. The Tribunal deemed the Application maintainable despite objections, established the default through evidence, admitted the Application, appointed an Interim Resolution Professional, and initiated the Corporate Insolvency Resolution Process. The Tribunal's decision included provisions for a moratorium, creditor assessment, and Resolution Applicant identification, ensuring the effective progression of the resolution process. Case-Laws Insolvency and Bankruptcy Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394599