https://www.taxtmi.com/caselaws?id=395875 An insolvency petition under section 7 of the Insolvency and Bankruptcy Code, 2016 was found to arise from the same loan agreement, security documents and computation chart as a connected petition already admitted against a co-borrower. Because the connected matter had been admitted and moratorium had been granted, the Tribunal treated the present petition as lacking independent survival at that stage. The petition was therefore held infructuous and dismissed, leaving the creditor to pursue its grievance within the ongoing CIRP process. en-us Thu, 24 Oct 2019 00:00:00 +0530 Fri, 12 Jun 2020 10:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395875 An insolvency petition under section 7 of the Insolvency and Bankruptcy Code, 2016 was found to arise from the same loan agreement, security documents and computation chart as a connected petition already admitted against a co-borrower. Because the connected matter had been admitted and moratorium had been granted, the Tribunal treated the present petition as lacking independent survival at that stage. The petition was therefore held infructuous and dismissed, leaving the creditor to pursue its grievance within the ongoing CIRP process. Case-Laws Insolvency and Bankruptcy Thu, 24 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395875