https://www.taxtmi.com/caselaws?id=398435 A corporate applicant's Section 10 application under the Insolvency and Bankruptcy Code, 2016 was found compliant where the special resolution, debt and default particulars, financial statements showing losses and liabilities, and the proposed resolution professional's consent and eligibility declaration were all on record. The Adjudicating Authority recorded that debt and default were established, the statutory requirements were satisfied, and no disqualification of the proposed professional was shown. On that basis, the application was admitted, Corporate Insolvency Resolution Process was initiated, an Interim Resolution Professional was appointed, and moratorium was declared. en-us Tue, 30 Jun 2020 00:00:00 +0530 Wed, 16 Sep 2020 11:36:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398435 A corporate applicant's Section 10 application under the Insolvency and Bankruptcy Code, 2016 was found compliant where the special resolution, debt and default particulars, financial statements showing losses and liabilities, and the proposed resolution professional's consent and eligibility declaration were all on record. The Adjudicating Authority recorded that debt and default were established, the statutory requirements were satisfied, and no disqualification of the proposed professional was shown. On that basis, the application was admitted, Corporate Insolvency Resolution Process was initiated, an Interim Resolution Professional was appointed, and moratorium was declared. Case-Laws Insolvency and Bankruptcy Tue, 30 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398435