https://www.taxtmi.com/caselaws?id=291924 Financial debt and default under the Insolvency and Bankruptcy Code were established through loan and security documents, NPA classification, demand and possession notices, the amount admitted in correspondence, and the corporate debtor's lack of opposition. The application was found complete, and no disciplinary proceedings were pending against the proposed interim resolution professional. On that basis, the petition under section 7 was admitted, the corporate insolvency resolution process was initiated, moratorium under section 14 was ordered, and the proposed interim resolution professional was appointed. en-us Tue, 09 Jul 2019 00:00:00 +0530 Mon, 30 Nov 2020 19:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291924 Financial debt and default under the Insolvency and Bankruptcy Code were established through loan and security documents, NPA classification, demand and possession notices, the amount admitted in correspondence, and the corporate debtor's lack of opposition. The application was found complete, and no disciplinary proceedings were pending against the proposed interim resolution professional. On that basis, the petition under section 7 was admitted, the corporate insolvency resolution process was initiated, moratorium under section 14 was ordered, and the proposed interim resolution professional was appointed. Case-Laws Insolvency and Bankruptcy Tue, 09 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291924