https://www.taxtmi.com/caselaws?id=297102 The court admitted the petition under Section 7 of the Insolvency & Bankruptcy Code, 2016, filed by the Financial Creditor against the Corporate Debtor for defaulting on financial obligations totaling Rs. 217,42,97,170.42. Despite the Corporate Debtor's legal defenses, the court found the application timely, established the debt and default, and initiated the Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed, a moratorium declared, and the matter scheduled for a progress report on March 4, 2020. en-us Mon, 03 Feb 2020 00:00:00 +0530 Thu, 19 Aug 2021 04:50:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297102 The court admitted the petition under Section 7 of the Insolvency & Bankruptcy Code, 2016, filed by the Financial Creditor against the Corporate Debtor for defaulting on financial obligations totaling Rs. 217,42,97,170.42. Despite the Corporate Debtor's legal defenses, the court found the application timely, established the debt and default, and initiated the Corporate Insolvency Resolution Process (CIRP). An Interim Resolution Professional (IRP) was appointed, a moratorium declared, and the matter scheduled for a progress report on March 4, 2020. Case-Laws Insolvency and Bankruptcy Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297102