https://www.taxtmi.com/caselaws?id=298261 The Tribunal confirmed its territorial jurisdiction over the respondent corporate debtor located in New Delhi. The application by the State Bank of India was deemed complete, leading to the initiation of the Corporate Insolvency Resolution Process. The Tribunal acknowledged the financial debt and default by the respondent, appointing Mr. Vivek Raheja as the Interim Resolution Professional. A moratorium was declared, and the IRP was tasked with specific duties under the Insolvency and Bankruptcy Code. Communication protocols were established, and the application was admitted, commencing the Corporate Insolvency Resolution Process against the respondent corporate debtor. en-us Fri, 01 Mar 2019 00:00:00 +0530 Fri, 22 Oct 2021 21:25:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298261 The Tribunal confirmed its territorial jurisdiction over the respondent corporate debtor located in New Delhi. The application by the State Bank of India was deemed complete, leading to the initiation of the Corporate Insolvency Resolution Process. The Tribunal acknowledged the financial debt and default by the respondent, appointing Mr. Vivek Raheja as the Interim Resolution Professional. A moratorium was declared, and the IRP was tasked with specific duties under the Insolvency and Bankruptcy Code. Communication protocols were established, and the application was admitted, commencing the Corporate Insolvency Resolution Process against the respondent corporate debtor. Case-Laws Insolvency and Bankruptcy Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298261