https://www.taxtmi.com/caselaws?id=356617 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an Operational Creditor against an Operational Debtor for non-payment of operational debt amounting to Rs. 32,55,653. The Tribunal appointed an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process, declared a moratorium under Section 14 of the Code, and emphasized cooperation among parties. The Interim Resolution Professional was directed to manage the resolution process efficiently, safeguard the Operational Debtor's assets, and ensure compliance with statutory requirements. Transparency and communication of the order to relevant parties were also emphasized for a fair resolution. en-us Thu, 08 Feb 2018 00:00:00 +0530 Thu, 08 Mar 2018 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356617 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an Operational Creditor against an Operational Debtor for non-payment of operational debt amounting to Rs. 32,55,653. The Tribunal appointed an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process, declared a moratorium under Section 14 of the Code, and emphasized cooperation among parties. The Interim Resolution Professional was directed to manage the resolution process efficiently, safeguard the Operational Debtor's assets, and ensure compliance with statutory requirements. Transparency and communication of the order to relevant parties were also emphasized for a fair resolution. Case-Laws Insolvency and Bankruptcy Thu, 08 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356617