https://www.taxtmi.com/caselaws?id=394735 The Tribunal admitted the petition filed by Reliance Asset Reconstruction Company Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Morakhia Copper and Alloys Private Limited. The Tribunal found the Assignment Agreement valid and enforceable, confirmed the existence of debt, noted the petition was filed within the limitation period, appointed an Interim Resolution Professional, declared a moratorium, and outlined the IRP's duties. The Tribunal emphasized the need for a viable Insolvency Resolution Plan and suggested interest rates for the resolution plan. en-us Wed, 19 Feb 2020 00:00:00 +0530 Thu, 23 Apr 2020 10:40:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394735 The Tribunal admitted the petition filed by Reliance Asset Reconstruction Company Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Morakhia Copper and Alloys Private Limited. The Tribunal found the Assignment Agreement valid and enforceable, confirmed the existence of debt, noted the petition was filed within the limitation period, appointed an Interim Resolution Professional, declared a moratorium, and outlined the IRP's duties. The Tribunal emphasized the need for a viable Insolvency Resolution Plan and suggested interest rates for the resolution plan. Case-Laws Insolvency and Bankruptcy Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394735