https://www.taxtmi.com/caselaws?id=410485 In a Section 7 insolvency application, the Tribunal held that once debt and default are established, a dispute over the exact quantum of liability does not bar admission. After loan restructuring in 2015 and execution of revised loan documents, the debtor's demand for statements from 2003 was found impermissible, and the exact liability was treated as outside the scope of Section 7 inquiry. The Tribunal found the petition complete, within limitation, and supported by proof of debt and default, and it admitted the application, ordered CIRP, and appointed an Interim Resolution Professional. en-us Fri, 23 Jul 2021 00:00:00 +0530 Tue, 03 Aug 2021 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410485 In a Section 7 insolvency application, the Tribunal held that once debt and default are established, a dispute over the exact quantum of liability does not bar admission. After loan restructuring in 2015 and execution of revised loan documents, the debtor's demand for statements from 2003 was found impermissible, and the exact liability was treated as outside the scope of Section 7 inquiry. The Tribunal found the petition complete, within limitation, and supported by proof of debt and default, and it admitted the application, ordered CIRP, and appointed an Interim Resolution Professional. Case-Laws Insolvency and Bankruptcy Fri, 23 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410485