https://www.taxtmi.com/caselaws?id=419825 The Tribunal found the application under Section 7 of the Insolvency and Bankruptcy Code timely and within the limitation period. It rejected the Corporate Debtor's arguments regarding forged loan documents and unauthorized signatures, confirming a default had occurred. The Tribunal admitted the application for Corporate Insolvency Resolution Process, appointed an Insolvency Resolution Professional, initiated a moratorium period, and directed the Petitioner to deposit funds for expenses. The judgment ensured compliance with IBC procedural requirements for effective insolvency resolution. en-us Fri, 04 Mar 2022 00:00:00 +0530 Tue, 22 Mar 2022 08:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419825 The Tribunal found the application under Section 7 of the Insolvency and Bankruptcy Code timely and within the limitation period. It rejected the Corporate Debtor's arguments regarding forged loan documents and unauthorized signatures, confirming a default had occurred. The Tribunal admitted the application for Corporate Insolvency Resolution Process, appointed an Insolvency Resolution Professional, initiated a moratorium period, and directed the Petitioner to deposit funds for expenses. The judgment ensured compliance with IBC procedural requirements for effective insolvency resolution. Case-Laws Insolvency and Bankruptcy Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419825