https://www.taxtmi.com/caselaws?id=290858 A section 7 application under the Insolvency and Bankruptcy Code was found complete where the financial creditor produced loan documents, account records, sanction and disbursal material, notice, and other supporting particulars showing financial debt and repayment default. Part-payments also acknowledged liability, and the corporate debtor raised no substantive dispute to displace the record. Applying the statutory scheme for initiation of corporate insolvency resolution, the Adjudicating Authority held the debt due and default established. The application was admitted, the proposed interim resolution professional was appointed, and moratorium under section 14 commenced. en-us Wed, 01 Jan 2020 00:00:00 +0530 Mon, 19 Oct 2020 20:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290858 A section 7 application under the Insolvency and Bankruptcy Code was found complete where the financial creditor produced loan documents, account records, sanction and disbursal material, notice, and other supporting particulars showing financial debt and repayment default. Part-payments also acknowledged liability, and the corporate debtor raised no substantive dispute to displace the record. Applying the statutory scheme for initiation of corporate insolvency resolution, the Adjudicating Authority held the debt due and default established. The application was admitted, the proposed interim resolution professional was appointed, and moratorium under section 14 commenced. Case-Laws Insolvency and Bankruptcy Wed, 01 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290858