https://www.taxtmi.com/caselaws?id=421498 The National Company Law Tribunal, Mumbai Bench, admitted the application under section 7 of the Insolvency & Bankruptcy Code, 2016, filed by a Financial Creditor against a Corporate Debtor, claiming a default amount of Rs. 55,60,031. The Tribunal appointed an Interim Resolution Professional, declared a moratorium, and issued consequential directions to facilitate the Corporate Insolvency Resolution Process. The Corporate Debtor admitted its liability and financial difficulties, leading to the Tribunal's decision to allow the application and initiate the resolution process. en-us Tue, 12 Apr 2022 00:00:00 +0530 Tue, 26 Apr 2022 08:16:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421498 The National Company Law Tribunal, Mumbai Bench, admitted the application under section 7 of the Insolvency & Bankruptcy Code, 2016, filed by a Financial Creditor against a Corporate Debtor, claiming a default amount of Rs. 55,60,031. The Tribunal appointed an Interim Resolution Professional, declared a moratorium, and issued consequential directions to facilitate the Corporate Insolvency Resolution Process. The Corporate Debtor admitted its liability and financial difficulties, leading to the Tribunal's decision to allow the application and initiate the resolution process. Case-Laws Insolvency and Bankruptcy Tue, 12 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421498