https://www.taxtmi.com/caselaws?id=423544 The Section 7 application was admitted because financial debt and default were established through loan records, repeated acknowledgments, and the corporate debtor's own admission of liability. The Tribunal found the debt above the statutory threshold, held the application complete and within limitation, and accepted jurisdiction. On that basis, it initiated the corporate insolvency resolution process, imposed moratorium, and appointed the proposed interim resolution professional. en-us Tue, 07 Jun 2022 00:00:00 +0530 Thu, 09 Jun 2022 08:16:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423544 The Section 7 application was admitted because financial debt and default were established through loan records, repeated acknowledgments, and the corporate debtor's own admission of liability. The Tribunal found the debt above the statutory threshold, held the application complete and within limitation, and accepted jurisdiction. On that basis, it initiated the corporate insolvency resolution process, imposed moratorium, and appointed the proposed interim resolution professional. Case-Laws Insolvency and Bankruptcy Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423544