https://www.taxtmi.com/caselaws?id=290430 The tribunal admitted the petition filed by Punjab National Bank as the Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against M/S. Beta Infratech Private Limited. The tribunal found that the Financial Creditor fulfilled the requirements under Section 7 and declared a moratorium under Section 14 of the Code. Mr. S. V. Satyanarayana was appointed as the Interim Resolution Professional, and the tribunal directed the necessary public announcement and deposit of expenses. The tribunal acknowledged general complaints against Financial Creditors but stated that the Resolution Professional may address such issues if necessary. en-us Fri, 14 Jun 2019 00:00:00 +0530 Fri, 25 Sep 2020 20:37:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290430 The tribunal admitted the petition filed by Punjab National Bank as the Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against M/S. Beta Infratech Private Limited. The tribunal found that the Financial Creditor fulfilled the requirements under Section 7 and declared a moratorium under Section 14 of the Code. Mr. S. V. Satyanarayana was appointed as the Interim Resolution Professional, and the tribunal directed the necessary public announcement and deposit of expenses. The tribunal acknowledged general complaints against Financial Creditors but stated that the Resolution Professional may address such issues if necessary. Case-Laws Insolvency and Bankruptcy Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290430