https://www.taxtmi.com/caselaws?id=290724 The tribunal admitted the application filed by Financial Creditors (FCs) under Section 7 of the Insolvency & Bankruptcy Code, 2016 against Earthcon Universal Infratech Private Limited (Corporate Debtor). The Corporate Debtor failed to repay the principal amount, leading to a default. Despite objections raised by the Corporate Debtor, the tribunal found in favor of the FCs, initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. Mr. Jitender Arora was appointed as the Interim Resolution Professional, and a moratorium was declared, with directions to comply with the provisions of the IBC, 2016. en-us Wed, 08 Jan 2020 00:00:00 +0530 Tue, 13 Oct 2020 11:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290724 The tribunal admitted the application filed by Financial Creditors (FCs) under Section 7 of the Insolvency & Bankruptcy Code, 2016 against Earthcon Universal Infratech Private Limited (Corporate Debtor). The Corporate Debtor failed to repay the principal amount, leading to a default. Despite objections raised by the Corporate Debtor, the tribunal found in favor of the FCs, initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. Mr. Jitender Arora was appointed as the Interim Resolution Professional, and a moratorium was declared, with directions to comply with the provisions of the IBC, 2016. Case-Laws Insolvency and Bankruptcy Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290724