https://www.taxtmi.com/caselaws?id=311802 Pendency of SARFAESI or DRT proceedings did not bar admission of a complete section 10 insolvency application where debt, default and statutory eligibility were shown; the tribunal admitted the CIRP and declared moratorium. The corporate debtor's request to restrain financial creditors from proceeding against guarantors' secured assets was also rejected because those proceedings concerned third-party security, not the debtor's own assets, and there was no basis to prevent action in accordance with law. en-us Thu, 03 Jan 2019 00:00:00 +0530 Sun, 14 Jan 2024 09:29:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311802 Pendency of SARFAESI or DRT proceedings did not bar admission of a complete section 10 insolvency application where debt, default and statutory eligibility were shown; the tribunal admitted the CIRP and declared moratorium. The corporate debtor's request to restrain financial creditors from proceeding against guarantors' secured assets was also rejected because those proceedings concerned third-party security, not the debtor's own assets, and there was no basis to prevent action in accordance with law. Case-Laws Insolvency and Bankruptcy Thu, 03 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311802