https://www.taxtmi.com/caselaws?id=366385 The Oriental Bank of Commerce filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s Pellet Energy Systems Private Limited for defaulting on financial debts. The National Company Law Tribunal, New Delhi, had territorial jurisdiction over the matter. The Tribunal admitted the application, appointed an Interim Resolution Professional, and declared a moratorium, prohibiting certain actions against the corporate debtor. The IRP was directed to carry out specified functions under the Code, with cooperation required from all relevant personnel. en-us Fri, 20 Jul 2018 00:00:00 +0530 Mon, 03 Sep 2018 12:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366385 The Oriental Bank of Commerce filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s Pellet Energy Systems Private Limited for defaulting on financial debts. The National Company Law Tribunal, New Delhi, had territorial jurisdiction over the matter. The Tribunal admitted the application, appointed an Interim Resolution Professional, and declared a moratorium, prohibiting certain actions against the corporate debtor. The IRP was directed to carry out specified functions under the Code, with cooperation required from all relevant personnel. Case-Laws Insolvency and Bankruptcy Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366385