https://www.taxtmi.com/caselaws?id=294057 The National Company Law Tribunal, Mumbai Bench-IV, admitted the application under section 7 of the Insolvency & Bankruptcy Code, 2016, filed by Noble Co-operative Bank Limited against Independent TV Limited. The Tribunal found the application complete, debt exceeding the threshold, and established default, leading to the initiation of Corporate Insolvency Resolution Process. Subsequent issues regarding default in loan repayment, fraudulent proceedings, and appointment of an Interim Resolution Professional were addressed, resulting in the declaration of a moratorium and specific directions for the management of the Corporate Debtor. en-us Wed, 26 Feb 2020 00:00:00 +0530 Thu, 18 Mar 2021 09:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294057 The National Company Law Tribunal, Mumbai Bench-IV, admitted the application under section 7 of the Insolvency & Bankruptcy Code, 2016, filed by Noble Co-operative Bank Limited against Independent TV Limited. The Tribunal found the application complete, debt exceeding the threshold, and established default, leading to the initiation of Corporate Insolvency Resolution Process. Subsequent issues regarding default in loan repayment, fraudulent proceedings, and appointment of an Interim Resolution Professional were addressed, resulting in the declaration of a moratorium and specific directions for the management of the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294057