https://www.taxtmi.com/caselaws?id=291734 A Section 7 Insolvency and Bankruptcy Code application was found complete where the financial creditor supported default with loan documents, sanction letters, acknowledgements of debt, bank statements and a CIBIL report. The Tribunal also noted that the proposed interim resolution professional's eligibility was supported by Form-2 showing no pending disciplinary proceeding. It further held that consent of all consortium lenders is not a precondition for maintainability by one financial creditor. On that basis, the statutory requirements for admission were satisfied and the corporate insolvency resolution process, moratorium and appointment of an interim resolution professional followed. en-us Thu, 13 Jun 2019 00:00:00 +0530 Tue, 24 Nov 2020 09:38:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291734 A Section 7 Insolvency and Bankruptcy Code application was found complete where the financial creditor supported default with loan documents, sanction letters, acknowledgements of debt, bank statements and a CIBIL report. The Tribunal also noted that the proposed interim resolution professional's eligibility was supported by Form-2 showing no pending disciplinary proceeding. It further held that consent of all consortium lenders is not a precondition for maintainability by one financial creditor. On that basis, the statutory requirements for admission were satisfied and the corporate insolvency resolution process, moratorium and appointment of an interim resolution professional followed. Case-Laws Insolvency and Bankruptcy Thu, 13 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291734