https://www.taxtmi.com/caselaws?id=275366 The Tribunal admitted the insolvency application under the Insolvency and Bankruptcy Code, 2016, appointing an Interim Insolvency Resolution Professional and imposing a moratorium to facilitate the resolution process and protect stakeholders' interests. The Financial Creditor's objections were dismissed, and the necessary financial statements were found to have been filed, leading to the application's acceptance. The Interim Professional was tasked with managing the resolution process, calling for claims submission, and making public announcements. The moratorium under Section 13(1)(a) of the Code was ordered, with exceptions for essential transactions, to remain in force until the completion of the resolution process. en-us Mon, 21 Aug 2017 00:00:00 +0530 Fri, 28 Sep 2018 20:09:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275366 The Tribunal admitted the insolvency application under the Insolvency and Bankruptcy Code, 2016, appointing an Interim Insolvency Resolution Professional and imposing a moratorium to facilitate the resolution process and protect stakeholders' interests. The Financial Creditor's objections were dismissed, and the necessary financial statements were found to have been filed, leading to the application's acceptance. The Interim Professional was tasked with managing the resolution process, calling for claims submission, and making public announcements. The moratorium under Section 13(1)(a) of the Code was ordered, with exceptions for essential transactions, to remain in force until the completion of the resolution process. Case-Laws Insolvency and Bankruptcy Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275366