https://www.taxtmi.com/caselaws?id=419521 The Design Plus Architecture filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Modex International Securities Limited for defaulting on a loan agreement. The National Company Law Tribunal, with jurisdiction over New Delhi, admitted the application, appointed an Interim Resolution Professional, and declared a moratorium. The Tribunal directed the parties to cooperate with the Interim Resolution Professional and emphasized compliance with the Code's provisions. The judgment ensured adherence to legal requirements for initiating the Corporate Insolvency Resolution Process. en-us Fri, 04 Mar 2022 00:00:00 +0530 Mon, 14 Mar 2022 07:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419521 The Design Plus Architecture filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Modex International Securities Limited for defaulting on a loan agreement. The National Company Law Tribunal, with jurisdiction over New Delhi, admitted the application, appointed an Interim Resolution Professional, and declared a moratorium. The Tribunal directed the parties to cooperate with the Interim Resolution Professional and emphasized compliance with the Code's provisions. The judgment ensured adherence to legal requirements for initiating the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419521