https://www.taxtmi.com/caselaws?id=425373 Financial debt and continuing default were found established on the record through sanction letters, restructuring documents, account statements, default notices, and the corporate debtor's own acknowledgments. On that basis, the section 7 requirements of the Insolvency and Bankruptcy Code, 2016 were satisfied, and the company petition was admitted. Corporate insolvency resolution process was directed to commence, an interim resolution professional was appointed, and moratorium followed. en-us Wed, 20 Jul 2022 00:00:00 +0530 Fri, 22 Jul 2022 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425373 Financial debt and continuing default were found established on the record through sanction letters, restructuring documents, account statements, default notices, and the corporate debtor's own acknowledgments. On that basis, the section 7 requirements of the Insolvency and Bankruptcy Code, 2016 were satisfied, and the company petition was admitted. Corporate insolvency resolution process was directed to commence, an interim resolution professional was appointed, and moratorium followed. Case-Laws Insolvency and Bankruptcy Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425373