https://www.taxtmi.com/caselaws?id=360128 The National Company Law Tribunal, Chandigarh, admitted the petition for Corporate Insolvency Resolution Process (CIRP) against the respondent due to outstanding operational debt. The Tribunal declared a moratorium, halting legal actions against the debtor and asset disposal. An Interim Resolution Professional was appointed, and essential services were to continue during the process. The respondent's dispute over the quality of goods supplied did not prevent the initiation of CIRP. The case was scheduled for further orders regarding the Interim Resolution Professional's appointment. en-us Fri, 16 Mar 2018 00:00:00 +0530 Wed, 09 May 2018 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360128 The National Company Law Tribunal, Chandigarh, admitted the petition for Corporate Insolvency Resolution Process (CIRP) against the respondent due to outstanding operational debt. The Tribunal declared a moratorium, halting legal actions against the debtor and asset disposal. An Interim Resolution Professional was appointed, and essential services were to continue during the process. The respondent's dispute over the quality of goods supplied did not prevent the initiation of CIRP. The case was scheduled for further orders regarding the Interim Resolution Professional's appointment. Case-Laws Insolvency and Bankruptcy Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360128