https://www.taxtmi.com/caselaws?id=346434 The Tribunal admitted the petition under sub-section (5) of Section 9 of the Insolvency and Bankruptcy Code, ordering a reference to the Insolvency and Bankruptcy Board of India for the recommendation of an Insolvency Professional. A moratorium under Section 13(1)(a) of the Code was declared, protecting the Corporate Debtor from various actions and ensuring the continuity of essential goods and services supply. The moratorium will last until the completion of the Corporate Insolvency Resolution Process, with further proceedings scheduled after receiving the Insolvency and Bankruptcy Board of India's proposal. en-us Mon, 10 Apr 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346434 The Tribunal admitted the petition under sub-section (5) of Section 9 of the Insolvency and Bankruptcy Code, ordering a reference to the Insolvency and Bankruptcy Board of India for the recommendation of an Insolvency Professional. A moratorium under Section 13(1)(a) of the Code was declared, protecting the Corporate Debtor from various actions and ensuring the continuity of essential goods and services supply. The moratorium will last until the completion of the Corporate Insolvency Resolution Process, with further proceedings scheduled after receiving the Insolvency and Bankruptcy Board of India's proposal. Case-Laws Insolvency and Bankruptcy Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346434