Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2019 (7) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (7) TMI 786 - Tri - Insolvency and BankruptcyAdmissibility of petition - Initiation of Corporate Insolvency Resolution Process - default in repayment of loans borrowed from various financial creditors - section 10 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- There was sufficient time provided to the Financial Creditors to file their objections if any. However, on 6.3.2019 the counsel on behalf of Kotak Mahindra Bank and Capital First Limited Financial Creditors reported that the they have no objection to admit the petition filed by the Corporate Applicant under Section 10 of Insolvency and Bankruptcy Code, 2016. The current petition is applicable to be admitted - moratorium declared.
|