https://www.taxtmi.com/caselaws?id=401524 A Section 7 application under the Insolvency and Bankruptcy Code was admitted where financial debt, default and a complete application were established, and the proposed interim resolution professional had filed the requisite declaration. The assignee was permitted to substitute for the original financial creditor on the basis of the deed of assignment, and the proposed interim resolution professional was also substituted. Section 10A did not bar the petition because the default occurred before 25 March 2020 and the petition predated the suspension period. The corporate insolvency resolution process was commenced, the moratorium followed, and the proposed interim resolution professional was confirmed. en-us Thu, 03 Sep 2020 00:00:00 +0530 Thu, 10 Dec 2020 08:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401524 A Section 7 application under the Insolvency and Bankruptcy Code was admitted where financial debt, default and a complete application were established, and the proposed interim resolution professional had filed the requisite declaration. The assignee was permitted to substitute for the original financial creditor on the basis of the deed of assignment, and the proposed interim resolution professional was also substituted. Section 10A did not bar the petition because the default occurred before 25 March 2020 and the petition predated the suspension period. The corporate insolvency resolution process was commenced, the moratorium followed, and the proposed interim resolution professional was confirmed. Case-Laws Insolvency and Bankruptcy Thu, 03 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401524