https://www.taxtmi.com/caselaws?id=412088 The tribunal admitted the application to initiate Corporate Insolvency Resolution Process (CIRP) against the respondent due to default in repayment of a loan exceeding Rs. 100 lakhs. The appointment of an Interim Resolution Professional (IRP) was made, and a moratorium was declared under Section 14 of the Insolvency and Bankruptcy Code, prohibiting certain actions against the respondent. The objections raised by the respondent regarding the loan agreement clauses, validity of financial statements, admissibility of evidence, and ongoing arbitration were deemed unsustainable by the tribunal. en-us Fri, 06 Aug 2021 00:00:00 +0530 Fri, 10 Sep 2021 09:05:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412088 The tribunal admitted the application to initiate Corporate Insolvency Resolution Process (CIRP) against the respondent due to default in repayment of a loan exceeding Rs. 100 lakhs. The appointment of an Interim Resolution Professional (IRP) was made, and a moratorium was declared under Section 14 of the Insolvency and Bankruptcy Code, prohibiting certain actions against the respondent. The objections raised by the respondent regarding the loan agreement clauses, validity of financial statements, admissibility of evidence, and ongoing arbitration were deemed unsustainable by the tribunal. Case-Laws Insolvency and Bankruptcy Fri, 06 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412088