https://www.taxtmi.com/caselaws?id=410167 The Tribunal admitted Canara Bank's application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Nakoda Ltd., as the debt was acknowledged in the Corporate Debtor's balance sheets, extending the limitation period. The Tribunal dismissed challenges to the power of attorney, appointed an Interim Resolution Professional, imposed a moratorium, and directed the Financial Creditor to pay fees to the IRP. The decision initiated the Corporate Insolvency Resolution Process for the Corporate Debtor. en-us Mon, 12 Jul 2021 00:00:00 +0530 Mon, 26 Jul 2021 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410167 The Tribunal admitted Canara Bank's application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Nakoda Ltd., as the debt was acknowledged in the Corporate Debtor's balance sheets, extending the limitation period. The Tribunal dismissed challenges to the power of attorney, appointed an Interim Resolution Professional, imposed a moratorium, and directed the Financial Creditor to pay fees to the IRP. The decision initiated the Corporate Insolvency Resolution Process for the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Mon, 12 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410167