https://www.taxtmi.com/caselaws?id=467803 A section 10 application under the Insolvency and Bankruptcy Code, 2016 was found complete, with books, financial statements, debt particulars, demand notices, statement of affairs, and shareholder authorisation on record. The tribunal noted that the debt was due and payable, default was established, and the default amount exceeded the statutory threshold under section 4(1). As the filing was free from defects and the proposed Interim Resolution Professional had given consent, the statutory requirements for admission were satisfied. The application was admitted, Corporate Insolvency Resolution Process was initiated, moratorium was ordered, and the proposed Interim Resolution Professional was appointed subject to statutory compliance. en-us Tue, 30 Apr 2024 00:00:00 +0530 Sat, 04 Apr 2026 08:51:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467803 A section 10 application under the Insolvency and Bankruptcy Code, 2016 was found complete, with books, financial statements, debt particulars, demand notices, statement of affairs, and shareholder authorisation on record. The tribunal noted that the debt was due and payable, default was established, and the default amount exceeded the statutory threshold under section 4(1). As the filing was free from defects and the proposed Interim Resolution Professional had given consent, the statutory requirements for admission were satisfied. The application was admitted, Corporate Insolvency Resolution Process was initiated, moratorium was ordered, and the proposed Interim Resolution Professional was appointed subject to statutory compliance. Case-Laws Companies Law Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467803