https://www.taxtmi.com/caselaws?id=290863 The tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, finding a debt due to the financial creditor and a default by the corporate debtor. An Interim Resolution Professional was appointed, and a moratorium was declared under Section 14 of the Code, prohibiting actions against the debtor. The tribunal directed the continuation of essential services to the debtor during the moratorium. The petition was disposed of without costs, citing relevant Supreme Court judgments emphasizing the need for evidence of default for admission under the Code. en-us Wed, 08 Jan 2020 00:00:00 +0530 Mon, 19 Oct 2020 20:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290863 The tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, finding a debt due to the financial creditor and a default by the corporate debtor. An Interim Resolution Professional was appointed, and a moratorium was declared under Section 14 of the Code, prohibiting actions against the debtor. The tribunal directed the continuation of essential services to the debtor during the moratorium. The petition was disposed of without costs, citing relevant Supreme Court judgments emphasizing the need for evidence of default for admission under the Code. Case-Laws Insolvency and Bankruptcy Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290863