https://www.taxtmi.com/caselaws?id=349143 The Tribunal admitted the Application under Section 9(5)(i) of the Insolvency and Bankruptcy Code, 2016, appointing an Interim Insolvency Resolution Professional to initiate the Corporate Insolvency Resolution Process. The Respondent, acknowledged the debt, leading to a determination that the Applicant was an Operational Creditor and the Respondent a Corporate Debtor. A moratorium was ordered under Section 13(l)(a) of the IB Code to protect the Corporate Debtor from certain actions until the completion of the resolution process, with exceptions for essential services. The Application was disposed of without costs, with directions for communication to all relevant parties. en-us Wed, 06 Sep 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349143 The Tribunal admitted the Application under Section 9(5)(i) of the Insolvency and Bankruptcy Code, 2016, appointing an Interim Insolvency Resolution Professional to initiate the Corporate Insolvency Resolution Process. The Respondent, acknowledged the debt, leading to a determination that the Applicant was an Operational Creditor and the Respondent a Corporate Debtor. A moratorium was ordered under Section 13(l)(a) of the IB Code to protect the Corporate Debtor from certain actions until the completion of the resolution process, with exceptions for essential services. The Application was disposed of without costs, with directions for communication to all relevant parties. Case-Laws Insolvency and Bankruptcy Wed, 06 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349143