https://www.taxtmi.com/caselaws?id=407875 A Section 7 IBC application was found maintainable where loan and security documents, account statements, banker's book certificates and credit reports established financial debt and default above the statutory threshold. Acknowledgments of debt, balance confirmations and account records also showed the petition was filed within limitation, so it was not time-barred. On admission, the statutory consequences followed: moratorium was declared and the proposed Interim Resolution Professional was appointed to conduct the CIRP. en-us Wed, 05 May 2021 00:00:00 +0530 Tue, 16 Nov 2021 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407875 A Section 7 IBC application was found maintainable where loan and security documents, account statements, banker's book certificates and credit reports established financial debt and default above the statutory threshold. Acknowledgments of debt, balance confirmations and account records also showed the petition was filed within limitation, so it was not time-barred. On admission, the statutory consequences followed: moratorium was declared and the proposed Interim Resolution Professional was appointed to conduct the CIRP. Case-Laws Insolvency and Bankruptcy Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407875