https://www.taxtmi.com/caselaws?id=359513 The application under section 9 of the Insolvency and Bankruptcy Code, 2016 seeking initiation of Corporate Insolvency Resolution Process for the respondent company, filed by unpaid workmen representing 207 workers, was deemed maintainable. The workmen were considered operational creditors under the Code, meeting all eligibility criteria. The Tribunal admitted the application, issued a moratorium under section 14, appointed an Interim Resolution Professional, and directed necessary payments and statutory compliance to expedite the resolution process. The judgment by the National Company Law Tribunal, New Delhi, aimed to facilitate a smooth resolution process for the corporate debtor. en-us Mon, 05 Mar 2018 00:00:00 +0530 Tue, 01 May 2018 06:28:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359513 The application under section 9 of the Insolvency and Bankruptcy Code, 2016 seeking initiation of Corporate Insolvency Resolution Process for the respondent company, filed by unpaid workmen representing 207 workers, was deemed maintainable. The workmen were considered operational creditors under the Code, meeting all eligibility criteria. The Tribunal admitted the application, issued a moratorium under section 14, appointed an Interim Resolution Professional, and directed necessary payments and statutory compliance to expedite the resolution process. The judgment by the National Company Law Tribunal, New Delhi, aimed to facilitate a smooth resolution process for the corporate debtor. Case-Laws Insolvency and Bankruptcy Mon, 05 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359513