https://www.taxtmi.com/caselaws?id=296310 The Tribunal admitted the Section 7 petition filed by Suraksha Asset Reconstruction Limited against Sapphire Land Developers Private Limited, appointing Mr. Ankur Kumar as the Interim Resolution Professional. The petition met the requirements for admission under the Insolvency and Bankruptcy Code, as the debt was confirmed, and default established. The Tribunal disregarded the pendency of related proceedings before another NCLT Bench, enforcing a moratorium and initiating the Corporate Insolvency Resolution Process. en-us Fri, 30 Apr 2021 00:00:00 +0530 Wed, 14 Jul 2021 06:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296310 The Tribunal admitted the Section 7 petition filed by Suraksha Asset Reconstruction Limited against Sapphire Land Developers Private Limited, appointing Mr. Ankur Kumar as the Interim Resolution Professional. The petition met the requirements for admission under the Insolvency and Bankruptcy Code, as the debt was confirmed, and default established. The Tribunal disregarded the pendency of related proceedings before another NCLT Bench, enforcing a moratorium and initiating the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296310