https://www.taxtmi.com/caselaws?id=289089 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for Corporate Insolvency Resolution Process. A financial debt exceeding Rupees One Crore was found due and payable by the Corporate Debtor to the Financial Creditor. The evidence presented established the default by the Corporate Debtor in repayment. The appointment of Mr. Pradeep Kumar Goenka as the Interim Resolution Professional was approved, initiating the Corporate Insolvency Resolution Process and declaring a moratorium. The Resolution Professional was tasked with efficiently conducting the process, with instructions given to communicate the order to relevant parties and provide a progress report later. en-us Fri, 28 Jun 2019 00:00:00 +0530 Wed, 15 Jul 2020 10:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289089 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for Corporate Insolvency Resolution Process. A financial debt exceeding Rupees One Crore was found due and payable by the Corporate Debtor to the Financial Creditor. The evidence presented established the default by the Corporate Debtor in repayment. The appointment of Mr. Pradeep Kumar Goenka as the Interim Resolution Professional was approved, initiating the Corporate Insolvency Resolution Process and declaring a moratorium. The Resolution Professional was tasked with efficiently conducting the process, with instructions given to communicate the order to relevant parties and provide a progress report later. Case-Laws Insolvency and Bankruptcy Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289089