https://www.taxtmi.com/caselaws?id=425694 The National Company Law Tribunal, New Delhi Bench, established jurisdiction over a case involving an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal admitted the application, declaring a moratorium and appointing an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process. The applicant, a financial creditor, proved default by the corporate debtor through submitted documents, leading to the initiation of resolution proceedings to address the outstanding debt and protect the debtor's assets. en-us Wed, 20 Jul 2022 00:00:00 +0530 Thu, 28 Jul 2022 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425694 The National Company Law Tribunal, New Delhi Bench, established jurisdiction over a case involving an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal admitted the application, declaring a moratorium and appointing an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process. The applicant, a financial creditor, proved default by the corporate debtor through submitted documents, leading to the initiation of resolution proceedings to address the outstanding debt and protect the debtor's assets. Case-Laws Insolvency and Bankruptcy Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425694