https://www.taxtmi.com/caselaws?id=288800 A petition for initiation of corporate insolvency resolution process was examined under the Insolvency and Bankruptcy Code on the basis of disclosed financial debt, default, prior restructuring of facilities, and service of notice on the corporate debtor. The Tribunal noted that the corporate debtor did not appear despite service, and accepted territorial jurisdiction as well as the existence of debt and default on the materials placed. It then admitted the petition, commenced moratorium, and appointed the proposed interim resolution professional subject to the required disclosures being filed. en-us Tue, 03 Sep 2019 00:00:00 +0530 Sat, 30 Jan 2021 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288800 A petition for initiation of corporate insolvency resolution process was examined under the Insolvency and Bankruptcy Code on the basis of disclosed financial debt, default, prior restructuring of facilities, and service of notice on the corporate debtor. The Tribunal noted that the corporate debtor did not appear despite service, and accepted territorial jurisdiction as well as the existence of debt and default on the materials placed. It then admitted the petition, commenced moratorium, and appointed the proposed interim resolution professional subject to the required disclosures being filed. Case-Laws Insolvency and Bankruptcy Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288800