https://www.taxtmi.com/caselaws?id=416199 A section 7 insolvency application is admissible when financial debt and default are supported by loan documents, acknowledgement of liability and recall action, the Form 1 application is complete, the claim is within limitation because of the debt acknowledgement, and no disciplinary proceedings are pending against the proposed interim resolution professional. On those stated requirements, the corporate insolvency resolution process may commence against the corporate debtor. en-us Tue, 21 Dec 2021 00:00:00 +0530 Thu, 23 Dec 2021 12:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416199 A section 7 insolvency application is admissible when financial debt and default are supported by loan documents, acknowledgement of liability and recall action, the Form 1 application is complete, the claim is within limitation because of the debt acknowledgement, and no disciplinary proceedings are pending against the proposed interim resolution professional. On those stated requirements, the corporate insolvency resolution process may commence against the corporate debtor. Case-Laws Insolvency and Bankruptcy Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416199