https://www.taxtmi.com/caselaws?id=293331 The Tribunal admitted the IB Petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for defaulting on loan repayment. It approved the substitution of Dena Bank with Bank of Baroda due to amalgamation, appointed an Interim Resolution Professional, declared a moratorium, and instructed adherence to the CIRP time limit. The Tribunal found evidence of debt and default, leading to the admission of the petition and issuance of necessary directions for CIRP proceedings. 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 The Tribunal admitted the IB Petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for defaulting on loan repayment. It approved the substitution of Dena Bank with Bank of Baroda due to amalgamation, appointed an Interim Resolution Professional, declared a moratorium, and instructed adherence to the CIRP time limit. The Tribunal found evidence of debt and default, leading to the admission of the petition and issuance of necessary directions for CIRP proceedings. Case-Laws Insolvency and Bankruptcy Wed, 06 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293331