https://www.taxtmi.com/caselaws?id=300115 A Section 7 Insolvency and Bankruptcy Code application was found complete where loan and security documents, account statements, demand notices, and a Banker's Books Evidence Act certificate supported the existence of debt and default. The corporate debtor also acknowledged liability and default at the hearing. The proposed interim resolution professional was held eligible, with no disciplinary proceedings pending against him. On that basis, the application was admitted, the moratorium took effect, and the named interim resolution professional was appointed to conduct the corporate insolvency resolution process. en-us Wed, 06 Mar 2019 00:00:00 +0530 Thu, 13 Jan 2022 08:58:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300115 A Section 7 Insolvency and Bankruptcy Code application was found complete where loan and security documents, account statements, demand notices, and a Banker's Books Evidence Act certificate supported the existence of debt and default. The corporate debtor also acknowledged liability and default at the hearing. The proposed interim resolution professional was held eligible, with no disciplinary proceedings pending against him. On that basis, the application was admitted, the moratorium took effect, and the named interim resolution professional was appointed to conduct the corporate insolvency resolution process. Case-Laws Insolvency and Bankruptcy Wed, 06 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300115