https://www.taxtmi.com/caselaws?id=363955 The Tribunal found that a financial debt was owed by the Respondent Company to the Applicants, and there was a default in payment of this debt. Consequently, the Tribunal admitted the application and initiated the corporate insolvency resolution process against the Corporate Debtor. Mr. Madhusudhan Sharma was appointed as the interim resolution professional, and the Corporate Debtor was placed under moratorium. Essential supplies to the Corporate Debtor were to continue during this period, and the Board of Directors of the Corporate Debtor was suspended. en-us Mon, 04 Jun 2018 00:00:00 +0530 Fri, 20 Jul 2018 07:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363955 The Tribunal found that a financial debt was owed by the Respondent Company to the Applicants, and there was a default in payment of this debt. Consequently, the Tribunal admitted the application and initiated the corporate insolvency resolution process against the Corporate Debtor. Mr. Madhusudhan Sharma was appointed as the interim resolution professional, and the Corporate Debtor was placed under moratorium. Essential supplies to the Corporate Debtor were to continue during this period, and the Board of Directors of the Corporate Debtor was suspended. Case-Laws Insolvency and Bankruptcy Mon, 04 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363955