https://www.taxtmi.com/caselaws?id=296601 The Tribunal admitted the petition under Section 7 of The Insolvency and Bankruptcy Code, 2016, filed by operational creditors against the corporate debtor for default in loan repayment. The objections raised by the respondent on limitation and maintainability were dismissed. The Tribunal found evidence of default in repayment of financial debt by the corporate debtor and appointed an interim resolution professional, declaring a moratorium. The moratorium was to continue until the completion of the insolvency resolution process or approval of a resolution plan, with directions for the supply of goods and services to the debtor. en-us Fri, 06 Sep 2019 00:00:00 +0530 Fri, 30 Jul 2021 09:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296601 The Tribunal admitted the petition under Section 7 of The Insolvency and Bankruptcy Code, 2016, filed by operational creditors against the corporate debtor for default in loan repayment. The objections raised by the respondent on limitation and maintainability were dismissed. The Tribunal found evidence of default in repayment of financial debt by the corporate debtor and appointed an interim resolution professional, declaring a moratorium. The moratorium was to continue until the completion of the insolvency resolution process or approval of a resolution plan, with directions for the supply of goods and services to the debtor. Case-Laws Insolvency and Bankruptcy Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296601