Axis Bank Insolvency Petition Against IMOST Academy Admitted

NCLT Kochi admits Axis Bank's Section 7 IBC petition against IMOST Academy for a default of ₹5.71 crore.
Tribunal rejects Corporate Debtor's objection citing simultaneous CIRP against guarantor, relying on NCLAT and Supreme Court precedents.
Moratorium declared and AAA Insolvency Professionals LLP appointed as Interim Resolution Professional for the CIRP process.
Financial Creditor directed to deposit ₹2 lakh with IRP for public notice and CIRP initiation expenses.