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2017 (6) TMI 1304 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - corporate debtor - Rule 4 of the Insolvency and Bankruptcy (Applicatlon to Adjudicating Authority) Rules, 2016 - HELD THAT:- The facts in the present case show advancement of loan, its acknowledgement and the default. The documents on record answer the prescription of the Code and is in accordance With the provisions of Section 7. It is complete in all respects and therefore, the petition warrants admission.
Petition admitted - moratorium declared.
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