https://www.taxtmi.com/caselaws?id=363086 The Financial Creditor filed an application under Section 7 of the Insolvency and Bankruptcy Code to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor. The debt and guarantee details were provided, showing a default amount. The Tribunal found the application complete, appointed an Interim Resolution Professional, and declared a moratorium. The petition was admitted, and the IRP was directed to follow best practices during the CIRP, emphasizing cooperation from the Corporate Debtor's personnel and protection of the Corporate Debtor's property value. en-us Thu, 24 May 2018 00:00:00 +0530 Sat, 07 Jul 2018 08:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363086 The Financial Creditor filed an application under Section 7 of the Insolvency and Bankruptcy Code to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor. The debt and guarantee details were provided, showing a default amount. The Tribunal found the application complete, appointed an Interim Resolution Professional, and declared a moratorium. The petition was admitted, and the IRP was directed to follow best practices during the CIRP, emphasizing cooperation from the Corporate Debtor's personnel and protection of the Corporate Debtor's property value. Case-Laws Insolvency and Bankruptcy Thu, 24 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363086