https://www.taxtmi.com/caselaws?id=420069 The Tribunal found that the financial creditor proved debt and default through loan documents, renewal letter, account details and other material showing availed credit facilities and non-repayment. It held that the Section 7 application was complete, that no dispute justified rejection at the admission stage, and admitted the petition under Section 7(5) of the Insolvency and Bankruptcy Code, 2016. On admission, the Corporate Insolvency Resolution Process commenced, the statutory moratorium under Section 14 applied, and the proposed Interim Resolution Professional was appointed with directions for public announcement and further action under the Code and regulations. en-us Tue, 08 Mar 2022 00:00:00 +0530 Sat, 26 Mar 2022 08:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420069 The Tribunal found that the financial creditor proved debt and default through loan documents, renewal letter, account details and other material showing availed credit facilities and non-repayment. It held that the Section 7 application was complete, that no dispute justified rejection at the admission stage, and admitted the petition under Section 7(5) of the Insolvency and Bankruptcy Code, 2016. On admission, the Corporate Insolvency Resolution Process commenced, the statutory moratorium under Section 14 applied, and the proposed Interim Resolution Professional was appointed with directions for public announcement and further action under the Code and regulations. Case-Laws Insolvency and Bankruptcy Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420069