https://www.taxtmi.com/caselaws?id=303727 The court admitted the petition under Section 7 of the Insolvency & Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process due to the Corporate Debtor's financial inability. The judgment highlighted non-compliance with SARFAESI Act, 2002, leading to actions being set aside. The one-time settlement offer was accepted within the limitation period, and the petition detailed the outstanding amount due. The court appointed an Interim Resolution Professional and imposed a moratorium under Section 14 of the Code, directing compliance with statutory requirements for the resolution process. en-us Fri, 06 Sep 2019 00:00:00 +0530 Mon, 08 Aug 2022 21:07:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303727 The court admitted the petition under Section 7 of the Insolvency & Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process due to the Corporate Debtor's financial inability. The judgment highlighted non-compliance with SARFAESI Act, 2002, leading to actions being set aside. The one-time settlement offer was accepted within the limitation period, and the petition detailed the outstanding amount due. The court appointed an Interim Resolution Professional and imposed a moratorium under Section 14 of the Code, directing compliance with statutory requirements for the resolution process. Case-Laws Insolvency and Bankruptcy Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303727