https://www.taxtmi.com/caselaws?id=367115 The tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by financial creditors against the corporate debtor for defaulting on a financial debt. The tribunal appointed an Interim Resolution Professional (IRP) to initiate the Corporate Insolvency Resolution Process (CIRP) and declared a moratorium on legal actions against the corporate debtor. The corporate debtor's objections were rejected, and the tribunal directed the IRP to manage the CIRP in accordance with the Code's provisions, ensuring cooperation from the corporate debtor's management. en-us Tue, 14 Aug 2018 00:00:00 +0530 Fri, 14 Sep 2018 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367115 The tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by financial creditors against the corporate debtor for defaulting on a financial debt. The tribunal appointed an Interim Resolution Professional (IRP) to initiate the Corporate Insolvency Resolution Process (CIRP) and declared a moratorium on legal actions against the corporate debtor. The corporate debtor's objections were rejected, and the tribunal directed the IRP to manage the CIRP in accordance with the Code's provisions, ensuring cooperation from the corporate debtor's management. Case-Laws Insolvency and Bankruptcy Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367115