https://www.taxtmi.com/caselaws?id=297749 The Tribunal rejected the Corporate Debtor's application for a stay of further proceedings of the Company Petition, emphasizing the need for timely resolution under the Insolvency and Bankruptcy Code. It found the existence of debt and default by the Corporate Debtor, warranting the initiation of the Corporate Insolvency Resolution Process. Disputes with other entities and pending matters before other authorities were deemed irrelevant to the proceedings under Section 7 of the Code. The Tribunal ordered the expeditious disposal of the Company Petition to ensure the maximization of the Corporate Debtor's value. en-us Fri, 29 Jan 2021 00:00:00 +0530 Tue, 21 Sep 2021 08:23:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297749 The Tribunal rejected the Corporate Debtor's application for a stay of further proceedings of the Company Petition, emphasizing the need for timely resolution under the Insolvency and Bankruptcy Code. It found the existence of debt and default by the Corporate Debtor, warranting the initiation of the Corporate Insolvency Resolution Process. Disputes with other entities and pending matters before other authorities were deemed irrelevant to the proceedings under Section 7 of the Code. The Tribunal ordered the expeditious disposal of the Company Petition to ensure the maximization of the Corporate Debtor's value. Case-Laws Insolvency and Bankruptcy Fri, 29 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297749