https://www.taxtmi.com/caselaws?id=304187 A section 7 IBC application was found complete where the financial creditor produced loan documents, account statements, security records, and evidence of default, including NPA classification and acknowledgment in the corporate debtor's balance sheet. On that basis, the statutory requirements for admission under the Code and the application rules were treated as satisfied. The proposed Interim Resolution Professional was found eligible because the required written communication was filed and no disciplinary proceeding was pending. The petition was admitted, the professional was appointed as Interim Resolution Professional, and moratorium and other insolvency directions followed. en-us Thu, 10 Oct 2019 00:00:00 +0530 Tue, 13 Sep 2022 05:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304187 A section 7 IBC application was found complete where the financial creditor produced loan documents, account statements, security records, and evidence of default, including NPA classification and acknowledgment in the corporate debtor's balance sheet. On that basis, the statutory requirements for admission under the Code and the application rules were treated as satisfied. The proposed Interim Resolution Professional was found eligible because the required written communication was filed and no disciplinary proceeding was pending. The petition was admitted, the professional was appointed as Interim Resolution Professional, and moratorium and other insolvency directions followed. Case-Laws Insolvency and Bankruptcy Thu, 10 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304187