https://www.taxtmi.com/caselaws?id=303439 The Tribunal found the assignment agreement to be legally executed, establishing the petitioner as a financial creditor. The authorization of the individual filing the application was deemed valid. The application was not barred by the law of limitation. Pending proceedings under the SARFAESI Act did not affect the application's maintainability. The allegations of mala fide intention and suppression of material facts were dismissed. Consequently, the Tribunal admitted the application under Section 7 of the I&B Code, declared a moratorium, appointed an Interim Resolution Professional, and scheduled the next hearing. en-us Fri, 22 Dec 2017 00:00:00 +0530 Sat, 23 Jul 2022 09:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303439 The Tribunal found the assignment agreement to be legally executed, establishing the petitioner as a financial creditor. The authorization of the individual filing the application was deemed valid. The application was not barred by the law of limitation. Pending proceedings under the SARFAESI Act did not affect the application's maintainability. The allegations of mala fide intention and suppression of material facts were dismissed. Consequently, the Tribunal admitted the application under Section 7 of the I&B Code, declared a moratorium, appointed an Interim Resolution Professional, and scheduled the next hearing. Case-Laws Insolvency and Bankruptcy Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303439