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2019 (5) TMI 328 - Tri - Insolvency and BankruptcyInitiation of Corporate Insolvency Resolution Process - corporate debtor - financial creditor - HELD THAT:- Section 7(5) of the Code provides for admission of the application where the Adjudicating Authority is satisfied that (a) a default has occurred; (b) the application under sub-section (2) of Section 7 is complete; (c) there is no disciplinary proceedings pending against the proposed Resolution Professional. In view of the satisfaction of the conditions provided for in Sections 7(5) of the Code, the petition for initiation of CIRP in the case of M/s Agri Best Limited is admitted - moratorium declared.
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