https://www.taxtmi.com/caselaws?id=408314 The application under Section 7 of the Insolvency and Bankruptcy Code, 2016 was found maintainable by the tribunal. The applicant was recognized as a financial creditor due to the demand for financial debt, supported by evidence of default and debt existence. The tribunal asserted jurisdiction, admitted the application, appointed an Interim Resolution Professional, and imposed a moratorium on the corporate debtor. The decision was grounded on established debt and default, the applicant's financial creditor status, and compliance with procedural requirements. en-us Mon, 31 May 2021 00:00:00 +0530 Mon, 07 Jun 2021 08:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408314 The application under Section 7 of the Insolvency and Bankruptcy Code, 2016 was found maintainable by the tribunal. The applicant was recognized as a financial creditor due to the demand for financial debt, supported by evidence of default and debt existence. The tribunal asserted jurisdiction, admitted the application, appointed an Interim Resolution Professional, and imposed a moratorium on the corporate debtor. The decision was grounded on established debt and default, the applicant's financial creditor status, and compliance with procedural requirements. Case-Laws Insolvency and Bankruptcy Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408314