https://www.taxtmi.com/caselaws?id=348935 The National Company Law Tribunal, Chennai, admitted the application for Corporate Insolvency Resolution Process filed by the Operational Creditor. The Operational Creditor fulfilled all legal requirements, proving default in payment by the Corporate Debtor. Consequently, the Corporate Insolvency Resolution Process was initiated, with an Interim Resolution Professional appointed to manage the Corporate Debtor. A moratorium was declared, protecting the Corporate Debtor's assets, and essential services supply. The parties were directed to comply with the orders, ensuring the resolution process completion within 180 days. en-us Thu, 31 Aug 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348935 The National Company Law Tribunal, Chennai, admitted the application for Corporate Insolvency Resolution Process filed by the Operational Creditor. The Operational Creditor fulfilled all legal requirements, proving default in payment by the Corporate Debtor. Consequently, the Corporate Insolvency Resolution Process was initiated, with an Interim Resolution Professional appointed to manage the Corporate Debtor. A moratorium was declared, protecting the Corporate Debtor's assets, and essential services supply. The parties were directed to comply with the orders, ensuring the resolution process completion within 180 days. Case-Laws Insolvency and Bankruptcy Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348935