https://www.taxtmi.com/caselaws?id=398352 A Section 7 Insolvency and Bankruptcy Code application is described as admissible when filed by a duly authorised person, supported by proper documentation, and backed by evidence of default, including non-payment and account classification as non-performing asset. The text also notes that where the application is complete and no disciplinary proceeding is pending against the proposed interim resolution professional, admission may follow. On admission, the Code requires commencement of the corporate insolvency resolution process, imposition of moratorium, appointment of the interim resolution professional, public announcement, collation of claims, and constitution of the committee of creditors. en-us Thu, 06 Feb 2020 00:00:00 +0530 Mon, 14 Sep 2020 09:23:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398352 A Section 7 Insolvency and Bankruptcy Code application is described as admissible when filed by a duly authorised person, supported by proper documentation, and backed by evidence of default, including non-payment and account classification as non-performing asset. The text also notes that where the application is complete and no disciplinary proceeding is pending against the proposed interim resolution professional, admission may follow. On admission, the Code requires commencement of the corporate insolvency resolution process, imposition of moratorium, appointment of the interim resolution professional, public announcement, collation of claims, and constitution of the committee of creditors. Case-Laws Companies Law Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398352