https://www.taxtmi.com/caselaws?id=353270 The National Company Law Tribunal, New Delhi, admitted the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The Financial Creditor, RCI Industries and Technologies Limited, established default by the Corporate Debtor, CK Infrastructure Ltd., for failing to repay a loan despite multiple reminders. The Tribunal appointed Mr. Umesh Garg as the Interim Resolution Professional, imposed a moratorium, and suspended the Board of Directors of the Corporate Debtor, following procedural compliance and authorization of the Financial Creditor's representative, Mr. Abhishek Kedia, to file the application. en-us Fri, 03 Nov 2017 00:00:00 +0530 Wed, 03 Jan 2018 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353270 The National Company Law Tribunal, New Delhi, admitted the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The Financial Creditor, RCI Industries and Technologies Limited, established default by the Corporate Debtor, CK Infrastructure Ltd., for failing to repay a loan despite multiple reminders. The Tribunal appointed Mr. Umesh Garg as the Interim Resolution Professional, imposed a moratorium, and suspended the Board of Directors of the Corporate Debtor, following procedural compliance and authorization of the Financial Creditor's representative, Mr. Abhishek Kedia, to file the application. Case-Laws Insolvency and Bankruptcy Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353270