https://www.taxtmi.com/caselaws?id=297260 A section 9 Insolvency and Bankruptcy Code application was treated as maintainable because it was defect free, the corporate debtor admitted liability, and the record showed non-payment of operational debt. On that basis, the statutory conditions for admission were satisfied and the application was admitted. Admission triggered the corporate insolvency resolution process, commencement of moratorium, public announcement, and appointment of an interim resolution professional to collate claims and facilitate constitution of the committee of creditors. en-us Thu, 20 Feb 2020 00:00:00 +0530 Wed, 25 Aug 2021 09:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297260 A section 9 Insolvency and Bankruptcy Code application was treated as maintainable because it was defect free, the corporate debtor admitted liability, and the record showed non-payment of operational debt. On that basis, the statutory conditions for admission were satisfied and the application was admitted. Admission triggered the corporate insolvency resolution process, commencement of moratorium, public announcement, and appointment of an interim resolution professional to collate claims and facilitate constitution of the committee of creditors. Case-Laws Insolvency and Bankruptcy Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297260