https://www.taxtmi.com/caselaws?id=407761 The Tribunal admitted the application under section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor against the Corporate Debtor due to default and non-payment, rejecting the Corporate Debtor's claim of abuse of law. The Tribunal found the loan disbursement details in order and appointed an Interim Resolution Professional to oversee the resolution process, initiating a moratorium and directing the Financial Creditor to deposit funds for initial expenses. en-us Thu, 18 Mar 2021 00:00:00 +0530 Fri, 21 May 2021 08:29:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407761 The Tribunal admitted the application under section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor against the Corporate Debtor due to default and non-payment, rejecting the Corporate Debtor's claim of abuse of law. The Tribunal found the loan disbursement details in order and appointed an Interim Resolution Professional to oversee the resolution process, initiating a moratorium and directing the Financial Creditor to deposit funds for initial expenses. Case-Laws Companies Law Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407761