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2017 (11) TMI 1686 - Tri - Insolvency and BankruptcyCorporate insolvency resolution process - Held that:- Bear in in mind the principle laid down in the NCALT judgment referred above, we are satisfied that petitioner succeeded in proving the compliance of all requirement on its side and established default in repayment of the debt by the respondent. Taking into consideration of all the above we are inclined to admit this petition under section 7 of I&B, Code. Being found this petition is liable to be admitted we hereby appoint the insolvency professional Shri Bhimal Agarwal as interim resolution professional.
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