https://www.taxtmi.com/caselaws?id=429326 Admissions in loan-related correspondence, the Facility Agreement, balance-sheet disclosures and repayment records established a financial debt and disbursal despite the corporate debtor's denial. The tribunal held that the materials showed an existing lending relationship and default, and that later objections to disbursement could not displace the documentary record. On that basis, the section 7 insolvency application was admitted, moratorium was ordered, and CIRP commenced against the corporate debtor. en-us Tue, 18 Oct 2022 00:00:00 +0530 Sat, 22 Oct 2022 10:03:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429326 Admissions in loan-related correspondence, the Facility Agreement, balance-sheet disclosures and repayment records established a financial debt and disbursal despite the corporate debtor's denial. The tribunal held that the materials showed an existing lending relationship and default, and that later objections to disbursement could not displace the documentary record. On that basis, the section 7 insolvency application was admitted, moratorium was ordered, and CIRP commenced against the corporate debtor. Case-Laws Insolvency and Bankruptcy Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429326