https://www.taxtmi.com/caselaws?id=287896 The Tribunal admitted TJSB Sahakari Bank Ltd's petition for Corporate Insolvency Resolution Process against M/s. Unimetal Castings Ltd due to default in loan repayment. The Corporate Debtor's contentions on medium enterprise status, NPA declaration, claim amount, and limitation defense were dismissed. The Tribunal appointed an Interim Resolution Professional, imposed a moratorium, and issued directives for the insolvency resolution process, citing the Corporate Debtor's default as the basis for admission. en-us Fri, 25 Jan 2019 00:00:00 +0530 Fri, 08 May 2020 10:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287896 The Tribunal admitted TJSB Sahakari Bank Ltd's petition for Corporate Insolvency Resolution Process against M/s. Unimetal Castings Ltd due to default in loan repayment. The Corporate Debtor's contentions on medium enterprise status, NPA declaration, claim amount, and limitation defense were dismissed. The Tribunal appointed an Interim Resolution Professional, imposed a moratorium, and issued directives for the insolvency resolution process, citing the Corporate Debtor's default as the basis for admission. Case-Laws Insolvency and Bankruptcy Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287896