https://www.taxtmi.com/caselaws?id=291518 A duly supported Section 7 application under the Insolvency and Bankruptcy Code is maintainable where the financial creditor shows default through facility documents, sanction letters, restructuring records and bank evidence. A single consortium lender may apply independently, and the adjudicating authority is not required to determine the exact quantum of debt at the admission stage if default and other completeness requirements are established. On that basis, the application was admitted, Corporate Insolvency Resolution Process was directed to commence, an Interim Resolution Professional was appointed, and moratorium was ordered. en-us Thu, 05 Sep 2019 00:00:00 +0530 Fri, 13 Nov 2020 21:17:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291518 A duly supported Section 7 application under the Insolvency and Bankruptcy Code is maintainable where the financial creditor shows default through facility documents, sanction letters, restructuring records and bank evidence. A single consortium lender may apply independently, and the adjudicating authority is not required to determine the exact quantum of debt at the admission stage if default and other completeness requirements are established. On that basis, the application was admitted, Corporate Insolvency Resolution Process was directed to commence, an Interim Resolution Professional was appointed, and moratorium was ordered. Case-Laws Insolvency and Bankruptcy Thu, 05 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291518