https://www.taxtmi.com/caselaws?id=298152 The tribunal admitted the insolvency petition filed by Small Industries Development Bank of India against E and G Global Estates Ltd. for defaulting on a loan amount. An intervention application filed by M/s. G. S. Consto and Infra P. Ltd. seeking to recall the order and settle the dues was dismissed for lack of legal basis. Despite settlement attempts, the tribunal initiated the corporate insolvency resolution process, appointing an interim resolution professional and imposing a moratorium as per the Insolvency and Bankruptcy Code. en-us Wed, 24 Jun 2020 00:00:00 +0530 Sat, 20 Nov 2021 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298152 The tribunal admitted the insolvency petition filed by Small Industries Development Bank of India against E and G Global Estates Ltd. for defaulting on a loan amount. An intervention application filed by M/s. G. S. Consto and Infra P. Ltd. seeking to recall the order and settle the dues was dismissed for lack of legal basis. Despite settlement attempts, the tribunal initiated the corporate insolvency resolution process, appointing an interim resolution professional and imposing a moratorium as per the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Wed, 24 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298152