https://www.taxtmi.com/caselaws?id=418583 The Tribunal admitted Volkswagen Finance Pvt. Ltd.'s application under Section 7 of the Insolvency and Bankruptcy Code against M/s. Evo Green Trading Pvt. Ltd. The respondent's default in repayment led to the appointment of an Interim Resolution Professional, Mr. Kamal Agarwal. A moratorium was declared under Section 14 of the Code, imposing restrictions on legal actions and asset transfers. The judgment underscores the importance of procedural compliance, proof of debt, appointment of qualified professionals, and the implications of a moratorium in insolvency proceedings. en-us Thu, 10 Feb 2022 00:00:00 +0530 Mon, 21 Feb 2022 08:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418583 The Tribunal admitted Volkswagen Finance Pvt. Ltd.'s application under Section 7 of the Insolvency and Bankruptcy Code against M/s. Evo Green Trading Pvt. Ltd. The respondent's default in repayment led to the appointment of an Interim Resolution Professional, Mr. Kamal Agarwal. A moratorium was declared under Section 14 of the Code, imposing restrictions on legal actions and asset transfers. The judgment underscores the importance of procedural compliance, proof of debt, appointment of qualified professionals, and the implications of a moratorium in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Thu, 10 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418583