https://www.taxtmi.com/caselaws?id=467803 A self-initiated insolvency application under section 10 of the Insolvency and Bankruptcy Code, 2016 was admitted because the corporate applicant produced the required board resolution, financial records, creditor details, statement of affairs and the proposed interim resolution professional's consent. The tribunal found that the debt was due and payable, default was established, and the default exceeded the statutory threshold under section 4(1). As the petition was free from defects and complied with the filing requirements for a section 10 application, Corporate Insolvency Resolution Process was commenced, moratorium applied, and the proposed interim resolution professional was appointed. en-us Tue, 30 Apr 2024 00:00:00 +0530 Sat, 04 Apr 2026 08:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467803 A self-initiated insolvency application under section 10 of the Insolvency and Bankruptcy Code, 2016 was admitted because the corporate applicant produced the required board resolution, financial records, creditor details, statement of affairs and the proposed interim resolution professional's consent. The tribunal found that the debt was due and payable, default was established, and the default exceeded the statutory threshold under section 4(1). As the petition was free from defects and complied with the filing requirements for a section 10 application, Corporate Insolvency Resolution Process was commenced, moratorium applied, and the proposed interim resolution professional was appointed. Case-Laws Companies Law Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467803