https://www.taxtmi.com/caselaws?id=288250 The Tribunal upheld the Adjudicating Authority's decision to admit the application under Section 7 of the I&B Code, determining that the 1st respondent qualified as a financial creditor and that the application was maintainable despite the absence of a document of debt or default. The Tribunal emphasized the importance of establishing debt and default satisfaction before proceeding with the Corporate Insolvency Resolution Process, dismissing the appellant's arguments and affirming the admission of the application without costs. en-us Wed, 29 Aug 2018 00:00:00 +0530 Thu, 28 May 2020 10:43:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288250 The Tribunal upheld the Adjudicating Authority's decision to admit the application under Section 7 of the I&B Code, determining that the 1st respondent qualified as a financial creditor and that the application was maintainable despite the absence of a document of debt or default. The Tribunal emphasized the importance of establishing debt and default satisfaction before proceeding with the Corporate Insolvency Resolution Process, dismissing the appellant's arguments and affirming the admission of the application without costs. Case-Laws Insolvency and Bankruptcy Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288250