https://www.taxtmi.com/caselaws?id=409400 The application under Section 7 of The Insolvency and Bankruptcy Code, 2016 was filed by the Financial Creditor against the Corporate Debtor for default in loan repayment. The Tribunal admitted the application, appointed an Insolvency Resolution Professional, imposed a moratorium, and directed the Financial Creditor to deposit expenses. The Corporate Debtor accepted the default during the hearing, leading to the initiation of the Corporate Insolvency Resolution Process against the respondent company, M/s. Virtual Business Solutions Pvt. Ltd. en-us Fri, 25 Jun 2021 00:00:00 +0530 Wed, 07 Jul 2021 09:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409400 The application under Section 7 of The Insolvency and Bankruptcy Code, 2016 was filed by the Financial Creditor against the Corporate Debtor for default in loan repayment. The Tribunal admitted the application, appointed an Insolvency Resolution Professional, imposed a moratorium, and directed the Financial Creditor to deposit expenses. The Corporate Debtor accepted the default during the hearing, leading to the initiation of the Corporate Insolvency Resolution Process against the respondent company, M/s. Virtual Business Solutions Pvt. Ltd. Case-Laws Insolvency and Bankruptcy Fri, 25 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409400