https://www.taxtmi.com/caselaws?id=288094 Once debt and default were established, procedural objections could not defeat admission under the Insolvency and Bankruptcy Code, 2016. The Tribunal upheld authorisation through a valid power of attorney, held that an appeal from dismissal of a winding-up petition and reference on parallel proceedings did not create a subsisting bar, and found RBI stressed-asset directives and Joint Lenders Forum proceedings non-blocking. It also rejected objections on alleged stamp duty defects and bank statement admissibility, and held that foreign-law ECB documentation did not oust Indian insolvency jurisdiction. Both insolvency petitions were admitted, with moratorium and appointment of an interim resolution professional. en-us Fri, 15 Dec 2017 00:00:00 +0530 Thu, 14 Nov 2024 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288094 Once debt and default were established, procedural objections could not defeat admission under the Insolvency and Bankruptcy Code, 2016. The Tribunal upheld authorisation through a valid power of attorney, held that an appeal from dismissal of a winding-up petition and reference on parallel proceedings did not create a subsisting bar, and found RBI stressed-asset directives and Joint Lenders Forum proceedings non-blocking. It also rejected objections on alleged stamp duty defects and bank statement admissibility, and held that foreign-law ECB documentation did not oust Indian insolvency jurisdiction. Both insolvency petitions were admitted, with moratorium and appointment of an interim resolution professional. Case-Laws IBC Fri, 15 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288094