https://www.taxtmi.com/caselaws?id=288070 The Tribunal found the petition to be within the limitation period, rejected the argument of false statements of accounts, emphasized that JLF consent is not necessary for proceedings, upheld the validity of loan assignments, and confirmed the existence of debt and default. Consequently, the petition was admitted, an IRP appointed, and a moratorium declared, commencing the Corporate Insolvency Resolution Process. en-us Tue, 29 Jan 2019 00:00:00 +0530 Mon, 18 May 2020 09:41:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288070 The Tribunal found the petition to be within the limitation period, rejected the argument of false statements of accounts, emphasized that JLF consent is not necessary for proceedings, upheld the validity of loan assignments, and confirmed the existence of debt and default. Consequently, the petition was admitted, an IRP appointed, and a moratorium declared, commencing the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288070