https://www.taxtmi.com/caselaws?id=396148 The Tribunal admitted the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, filed by a Financial Creditor against the Corporate Debtor for defaulting on a substantial loan amount. The application was found to be within the limitation period, with the default date aligned with the order date. An Interim Resolution Professional was appointed, and a moratorium was declared under Section 14 of the Code to protect the Corporate Debtor from certain actions, ensuring the continuity of essential goods or services supply until the resolution process or liquidation is completed. en-us Tue, 22 Oct 2019 00:00:00 +0530 Sat, 13 Mar 2021 13:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396148 The Tribunal admitted the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, filed by a Financial Creditor against the Corporate Debtor for defaulting on a substantial loan amount. The application was found to be within the limitation period, with the default date aligned with the order date. An Interim Resolution Professional was appointed, and a moratorium was declared under Section 14 of the Code to protect the Corporate Debtor from certain actions, ensuring the continuity of essential goods or services supply until the resolution process or liquidation is completed. Case-Laws Insolvency and Bankruptcy Tue, 22 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396148