https://www.taxtmi.com/caselaws?id=287974 The Tribunal found in favor of the Financial Creditor in a case under Section 7 of the Insolvency and Bankruptcy Code. It determined that the debt claimed constituted a financial debt, there was a default in repayment, and the claim was not barred by limitation. The Corporate Debtor's objections were deemed unsustainable, leading to the admission of the petition for initiating the Corporate Insolvency Resolution Process. A moratorium was declared, an Interim Resolution Professional appointed, and further procedural steps outlined under the I&B Code. en-us Tue, 08 May 2018 00:00:00 +0530 Wed, 13 May 2020 09:50:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287974 The Tribunal found in favor of the Financial Creditor in a case under Section 7 of the Insolvency and Bankruptcy Code. It determined that the debt claimed constituted a financial debt, there was a default in repayment, and the claim was not barred by limitation. The Corporate Debtor's objections were deemed unsustainable, leading to the admission of the petition for initiating the Corporate Insolvency Resolution Process. A moratorium was declared, an Interim Resolution Professional appointed, and further procedural steps outlined under the I&B Code. Case-Laws Insolvency and Bankruptcy Tue, 08 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287974