https://www.taxtmi.com/caselaws?id=361904 The Tribunal admitted the petition filed by M/s. PAN Chemicals Inc. to initiate insolvency resolution against the respondent-corporate debtor under Section 9 of the Insolvency and Bankruptcy Code, 2016. A moratorium was declared, protecting the corporate debtor from certain actions until the resolution process's completion. The Resolution Professional proposed was deemed suitable, and the necessary documents were submitted, leading to the petition's admission. Further proceedings were scheduled to appoint an Interim Resolution Professional and provide additional directions for the resolution process. en-us Mon, 16 Apr 2018 00:00:00 +0530 Sat, 16 Jun 2018 10:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361904 The Tribunal admitted the petition filed by M/s. PAN Chemicals Inc. to initiate insolvency resolution against the respondent-corporate debtor under Section 9 of the Insolvency and Bankruptcy Code, 2016. A moratorium was declared, protecting the corporate debtor from certain actions until the resolution process's completion. The Resolution Professional proposed was deemed suitable, and the necessary documents were submitted, leading to the petition's admission. Further proceedings were scheduled to appoint an Interim Resolution Professional and provide additional directions for the resolution process. Case-Laws Insolvency and Bankruptcy Mon, 16 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361904