https://www.taxtmi.com/caselaws?id=289733 The Tribunal admitted the Financial Creditor's petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor due to default in repayment of debts totaling &8377; 42,40,76,787.43. The Tribunal verified the debt and default, accepting the evidence provided by the Financial Creditor. A moratorium was declared, appointing an Interim Resolution Professional to oversee the resolution process. The Corporate Insolvency Resolution Process was initiated to address the Corporate Debtor's inability to pay the debt, with necessary steps outlined for resolution within the specified timeframe. en-us Mon, 06 Aug 2018 00:00:00 +0530 Wed, 19 Aug 2020 09:45:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289733 The Tribunal admitted the Financial Creditor's petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor due to default in repayment of debts totaling &8377; 42,40,76,787.43. The Tribunal verified the debt and default, accepting the evidence provided by the Financial Creditor. A moratorium was declared, appointing an Interim Resolution Professional to oversee the resolution process. The Corporate Insolvency Resolution Process was initiated to address the Corporate Debtor's inability to pay the debt, with necessary steps outlined for resolution within the specified timeframe. Case-Laws Insolvency and Bankruptcy Mon, 06 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289733