https://www.taxtmi.com/caselaws?id=297100 The Tribunal allowed the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process against the Corporate Debtor due to default on a loan of Rs. 25,00,000/-. The Financial Creditor provided evidence of the loan transaction and default, while the Corporate Debtor failed to refute the claim. Specific orders were issued, including declaring a moratorium, appointing an Interim Resolution Professional, and setting deadlines for creditor meetings and resolution plan submission. The moratorium under Section 14 was imposed to protect the Corporate Debtor during the resolution process. en-us Thu, 21 Nov 2019 00:00:00 +0530 Tue, 18 Apr 2023 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297100 The Tribunal allowed the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process against the Corporate Debtor due to default on a loan of Rs. 25,00,000/-. The Financial Creditor provided evidence of the loan transaction and default, while the Corporate Debtor failed to refute the claim. Specific orders were issued, including declaring a moratorium, appointing an Interim Resolution Professional, and setting deadlines for creditor meetings and resolution plan submission. The moratorium under Section 14 was imposed to protect the Corporate Debtor during the resolution process. Case-Laws Insolvency and Bankruptcy Thu, 21 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297100