https://www.taxtmi.com/caselaws?id=345034 The petition originally filed in the High Court was transferred to the National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016. Despite efforts to serve notice, the respondent did not participate, leading to proceedings ex parte. The applicant established unpaid operational debt, meeting requirements for filing under the Code. The Tribunal admitted the application, appointing an Interim Resolution Professional to oversee the resolution process. The Interim Resolution Professional was tasked with managing the Corporate Debtor in compliance with relevant Code provisions. en-us Wed, 24 May 2017 00:00:00 +0530 Tue, 19 Feb 2019 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345034 The petition originally filed in the High Court was transferred to the National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016. Despite efforts to serve notice, the respondent did not participate, leading to proceedings ex parte. The applicant established unpaid operational debt, meeting requirements for filing under the Code. The Tribunal admitted the application, appointing an Interim Resolution Professional to oversee the resolution process. The Interim Resolution Professional was tasked with managing the Corporate Debtor in compliance with relevant Code provisions. Case-Laws Insolvency and Bankruptcy Wed, 24 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345034