https://www.taxtmi.com/caselaws?id=298415 The Adjudicating Authority admitted the petition for Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by BMW India Financial Services Private Limited against S. K. Wheels Private Limited due to default in repayment of facilities. The Authority appointed an Insolvency Resolution Professional, imposed a moratorium on actions against the debtor, and mandated a public announcement of the resolution process. An Interim Resolution Professional was appointed to manage the process until completion. The corporate debtor's admission of default led to the court's decision in favor of the petitioner. en-us Fri, 29 Mar 2019 00:00:00 +0530 Mon, 01 Nov 2021 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298415 The Adjudicating Authority admitted the petition for Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by BMW India Financial Services Private Limited against S. K. Wheels Private Limited due to default in repayment of facilities. The Authority appointed an Insolvency Resolution Professional, imposed a moratorium on actions against the debtor, and mandated a public announcement of the resolution process. An Interim Resolution Professional was appointed to manage the process until completion. The corporate debtor's admission of default led to the court's decision in favor of the petitioner. Case-Laws Insolvency and Bankruptcy Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298415