https://www.taxtmi.com/caselaws?id=407398 The Tribunal admitted the petition filed by ASREC (India) Limited as a Financial Creditor against Cane Agro Energy (India) Limited under Section 7 of the Insolvency and Bankruptcy Code. The Corporate Debtor's default on debt acquired from lenders led to the appointment of an Interim Resolution Professional, Mr. Ritesh R. Mahajan. A moratorium was declared under Section 14 of the IBC, prohibiting suits against the Corporate Debtor and asset transfers. The Tribunal found the debt to be financial and the default valid, initiating the Corporate Insolvency Resolution Process. en-us Fri, 30 Apr 2021 00:00:00 +0530 Mon, 10 May 2021 08:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407398 The Tribunal admitted the petition filed by ASREC (India) Limited as a Financial Creditor against Cane Agro Energy (India) Limited under Section 7 of the Insolvency and Bankruptcy Code. The Corporate Debtor's default on debt acquired from lenders led to the appointment of an Interim Resolution Professional, Mr. Ritesh R. Mahajan. A moratorium was declared under Section 14 of the IBC, prohibiting suits against the Corporate Debtor and asset transfers. The Tribunal found the debt to be financial and the default valid, initiating the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407398