https://www.taxtmi.com/caselaws?id=295962 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, declaring a moratorium under Section 14 of the Code. An Interim Resolution Professional was appointed to carry out the functions under the Code, with directions to mark appropriate remarks against the Corporate Debtor on the Ministry of Corporate Affairs website. The petition was upheld despite arguments on limitation and the validity of the petition under an RBI Circular, based on the acknowledgment of debt and default by the Corporate Debtor. en-us Tue, 12 Jan 2021 00:00:00 +0530 Mon, 28 Jun 2021 10:02:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295962 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, declaring a moratorium under Section 14 of the Code. An Interim Resolution Professional was appointed to carry out the functions under the Code, with directions to mark appropriate remarks against the Corporate Debtor on the Ministry of Corporate Affairs website. The petition was upheld despite arguments on limitation and the validity of the petition under an RBI Circular, based on the acknowledgment of debt and default by the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 12 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295962