https://www.taxtmi.com/caselaws?id=408060 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Bank of Maharashtra against SVSVS Projects Private Limited. The petition sought initiation of Corporate Insolvency Resolution Process, granting moratorium, and appointment of an Interim Resolution Professional. The Tribunal confirmed the existence of debt and default by the Corporate Debtor based on documents provided by the Financial Creditor. Despite pending legal proceedings in other forums, the Adjudicating Authority proceeded with admission, issuing directions for moratorium, appointment of professionals, and public announcements to facilitate the resolution process effectively. en-us Mon, 26 Apr 2021 00:00:00 +0530 Mon, 31 May 2021 08:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408060 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Bank of Maharashtra against SVSVS Projects Private Limited. The petition sought initiation of Corporate Insolvency Resolution Process, granting moratorium, and appointment of an Interim Resolution Professional. The Tribunal confirmed the existence of debt and default by the Corporate Debtor based on documents provided by the Financial Creditor. Despite pending legal proceedings in other forums, the Adjudicating Authority proceeded with admission, issuing directions for moratorium, appointment of professionals, and public announcements to facilitate the resolution process effectively. Case-Laws Insolvency and Bankruptcy Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408060