https://www.taxtmi.com/caselaws?id=273363 The court admitted the Operational Creditor's application under Section 9 of the Insolvency & Bankruptcy Code 2016 against the Corporate Debtor for non-payment of lease rent. Evidence supported the claim, leading to the appointment of an Interim Resolution Professional (IRP) and declaration of a moratorium. Mr. A. Mohan Kumar was appointed as the IRP, tasked with managing the Corporate Debtor during the insolvency resolution process. The moratorium period included restrictions on legal actions against the Corporate Debtor and ensured the continuity of essential goods/services supply. The resolution process was to be completed within 180 days from the order date. en-us Fri, 08 Dec 2017 00:00:00 +0530 Wed, 20 Jun 2018 17:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273363 The court admitted the Operational Creditor's application under Section 9 of the Insolvency & Bankruptcy Code 2016 against the Corporate Debtor for non-payment of lease rent. Evidence supported the claim, leading to the appointment of an Interim Resolution Professional (IRP) and declaration of a moratorium. Mr. A. Mohan Kumar was appointed as the IRP, tasked with managing the Corporate Debtor during the insolvency resolution process. The moratorium period included restrictions on legal actions against the Corporate Debtor and ensured the continuity of essential goods/services supply. The resolution process was to be completed within 180 days from the order date. Case-Laws Insolvency and Bankruptcy Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273363