https://www.taxtmi.com/caselaws?id=427192 The Tribunal admitted the Company Petition and initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for defaulting on a short-term loan agreement, leading to a debt of Rs. 17,84,219. Evidence including the Loan Agreement and correspondence proved the debt and default, satisfying Section 7 of the Insolvency and Bankruptcy Code. Mr. Kairav Trivedi was appointed as Interim Resolution Professional, with various directions issued for the CIRP process. en-us Fri, 26 Aug 2022 00:00:00 +0530 Sat, 03 Sep 2022 08:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427192 The Tribunal admitted the Company Petition and initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for defaulting on a short-term loan agreement, leading to a debt of Rs. 17,84,219. Evidence including the Loan Agreement and correspondence proved the debt and default, satisfying Section 7 of the Insolvency and Bankruptcy Code. Mr. Kairav Trivedi was appointed as Interim Resolution Professional, with various directions issued for the CIRP process. Case-Laws Insolvency and Bankruptcy Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427192