https://www.taxtmi.com/caselaws?id=287949 An application under section 7 of the Insolvency and Bankruptcy Code was found complete where the financial creditor produced sanction documents, security documents, account statements, SARFAESI notice and the bankers' books certificate evidencing disbursement and default. The corporate debtor did not dispute liability or default, and pending proceedings before the Debts Recovery Tribunal did not bar commencement of the corporate insolvency resolution process. The proposed interim resolution professional was found eligible with no disciplinary proceeding pending. The application was admitted, moratorium was ordered, and the interim resolution professional was appointed. en-us Mon, 07 Jan 2019 00:00:00 +0530 Tue, 12 May 2020 08:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287949 An application under section 7 of the Insolvency and Bankruptcy Code was found complete where the financial creditor produced sanction documents, security documents, account statements, SARFAESI notice and the bankers' books certificate evidencing disbursement and default. The corporate debtor did not dispute liability or default, and pending proceedings before the Debts Recovery Tribunal did not bar commencement of the corporate insolvency resolution process. The proposed interim resolution professional was found eligible with no disciplinary proceeding pending. The application was admitted, moratorium was ordered, and the interim resolution professional was appointed. Case-Laws Insolvency and Bankruptcy Mon, 07 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287949