https://www.taxtmi.com/caselaws?id=416199 The court granted the petition filed by Corporation Bank under Section 7 of the Insolvency and Bankruptcy Code to initiate the Corporate Insolvency Resolution Process against M/s NDT Trade House Pvt Ltd. The court found that the petition detailed the debt acknowledgment, default in payments, and included relevant documents to support the claim. The court also acknowledged the completeness of the application filed and appointed Mr. Arun Gajwani as the Interim Resolution Professional. A moratorium was declared under Section 14 of the Code, imposing various restrictions and directing the resolution process to proceed in accordance with the statutory framework. 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 The court granted the petition filed by Corporation Bank under Section 7 of the Insolvency and Bankruptcy Code to initiate the Corporate Insolvency Resolution Process against M/s NDT Trade House Pvt Ltd. The court found that the petition detailed the debt acknowledgment, default in payments, and included relevant documents to support the claim. The court also acknowledged the completeness of the application filed and appointed Mr. Arun Gajwani as the Interim Resolution Professional. A moratorium was declared under Section 14 of the Code, imposing various restrictions and directing the resolution process to proceed in accordance with the statutory framework. Case-Laws Insolvency and Bankruptcy Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416199