https://www.taxtmi.com/caselaws?id=395976 The Tribunal admitted the Applications under Section 7 of the Insolvency and Bankruptcy Code, 2016, declared a moratorium, and appointed an Interim Resolution Professional (IRP) as proposed by the State Bank of India. The order emphasized that the existence of financial debt and default warranted the initiation of Corporate Insolvency Resolution Process (CIRP), despite the Corporate Debtor's assertions of solvency and revival prospects. en-us Tue, 05 May 2020 00:00:00 +0530 Wed, 17 Jun 2020 10:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395976 The Tribunal admitted the Applications under Section 7 of the Insolvency and Bankruptcy Code, 2016, declared a moratorium, and appointed an Interim Resolution Professional (IRP) as proposed by the State Bank of India. The order emphasized that the existence of financial debt and default warranted the initiation of Corporate Insolvency Resolution Process (CIRP), despite the Corporate Debtor's assertions of solvency and revival prospects. Case-Laws Insolvency and Bankruptcy Tue, 05 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395976