https://www.taxtmi.com/caselaws?id=402518 The National Company Law Tribunal, Kochi Bench admitted the application for Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Tribunal found the debt due and timely, disregarding contentions on the Share Purchase Agreement's validity. The debt was classified as financial debt, allowing the appointment of an Interim Resolution Professional and initiating a moratorium under Section 14 to protect the Corporate Debtor. en-us Tue, 25 Aug 2020 00:00:00 +0530 Tue, 05 Jan 2021 10:26:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402518 The National Company Law Tribunal, Kochi Bench admitted the application for Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Tribunal found the debt due and timely, disregarding contentions on the Share Purchase Agreement's validity. The debt was classified as financial debt, allowing the appointment of an Interim Resolution Professional and initiating a moratorium under Section 14 to protect the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 25 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402518