https://www.taxtmi.com/caselaws?id=366744 The Tribunal admitted the application for Corporate Insolvency Resolution Process (CIRP) against M/s. Sungil India Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The debt claimed exceeded Rs. 1 lakh, and the default was established, leading to the initiation of CIRP. An Interim Resolution Professional was appointed, imposing a moratorium on the Corporate Debtor as per Section 14(1) of the IBC, 2016. The moratorium protected essential goods or services supply, with its duration determined by the Code. The order came into immediate effect upon admission, ensuring compliance with legal procedures. en-us Fri, 01 Jun 2018 00:00:00 +0530 Sat, 08 Sep 2018 19:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366744 The Tribunal admitted the application for Corporate Insolvency Resolution Process (CIRP) against M/s. Sungil India Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The debt claimed exceeded Rs. 1 lakh, and the default was established, leading to the initiation of CIRP. An Interim Resolution Professional was appointed, imposing a moratorium on the Corporate Debtor as per Section 14(1) of the IBC, 2016. The moratorium protected essential goods or services supply, with its duration determined by the Code. The order came into immediate effect upon admission, ensuring compliance with legal procedures. Case-Laws Insolvency and Bankruptcy Fri, 01 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366744