https://www.taxtmi.com/caselaws?id=303704 The National Company Law Tribunal, Cuttack, admitted the application for Corporate Insolvency Resolution Process against the Corporate Debtor, M/s. Emerald Mineral Exim Private Limited. The Adjudicating Authority determined its jurisdiction based on the Corporate Debtor's incorporation details. The loan disbursement and repayment were found to be within the limitation period, but the illegal transfer of property to evade repayment obligations was deemed fraudulent. Previous legal proceedings highlighted the Corporate Debtor's default. A Resolution Professional was appointed to manage the process and oversee the resolution plan, with a moratorium declared. en-us Thu, 20 Feb 2020 00:00:00 +0530 Sun, 07 Aug 2022 20:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303704 The National Company Law Tribunal, Cuttack, admitted the application for Corporate Insolvency Resolution Process against the Corporate Debtor, M/s. Emerald Mineral Exim Private Limited. The Adjudicating Authority determined its jurisdiction based on the Corporate Debtor's incorporation details. The loan disbursement and repayment were found to be within the limitation period, but the illegal transfer of property to evade repayment obligations was deemed fraudulent. Previous legal proceedings highlighted the Corporate Debtor's default. A Resolution Professional was appointed to manage the process and oversee the resolution plan, with a moratorium declared. Case-Laws Companies Law Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303704