https://www.taxtmi.com/caselaws?id=293331 A section 7 application under the Insolvency and Bankruptcy Code was found complete because loan documents, certified account statements, CIBIL records, acknowledgement of debt, and security papers established financial debt and default. The Tribunal also held that pending SARFAESI or DRT proceedings do not bar initiation of CIRP. The petition was further held to be within limitation on the basis of mortgage documents, recovery proceedings, continued account credits, and acknowledgements. On admission, moratorium was declared and the proposed Interim Resolution Professional was appointed to conduct the CIRP and make the public announcement. en-us Wed, 06 Nov 2019 00:00:00 +0530 Thu, 04 Feb 2021 20:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293331 A section 7 application under the Insolvency and Bankruptcy Code was found complete because loan documents, certified account statements, CIBIL records, acknowledgement of debt, and security papers established financial debt and default. The Tribunal also held that pending SARFAESI or DRT proceedings do not bar initiation of CIRP. The petition was further held to be within limitation on the basis of mortgage documents, recovery proceedings, continued account credits, and acknowledgements. On admission, moratorium was declared and the proposed Interim Resolution Professional was appointed to conduct the CIRP and make the public announcement. Case-Laws Insolvency and Bankruptcy Wed, 06 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293331