https://www.taxtmi.com/caselaws?id=369014 The Supreme Court upheld a decree against a Corporate Debtor for non-payment of dues, dismissing appeals due to lack of defense. Following unsuccessful challenges by the Debtor, the Operational Creditor initiated Insolvency & Bankruptcy Code proceedings. The Tribunal admitted the petition under Section 9 of the IBC, declaring a moratorium and appointing an Interim Resolution Professional. The moratorium aimed to facilitate the resolution process, ensuring continuity of essential services and asset management. Compliance with the order's directives was mandated for all parties involved in the proceedings. en-us Tue, 28 Aug 2018 00:00:00 +0530 Thu, 18 Oct 2018 07:34:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369014 The Supreme Court upheld a decree against a Corporate Debtor for non-payment of dues, dismissing appeals due to lack of defense. Following unsuccessful challenges by the Debtor, the Operational Creditor initiated Insolvency & Bankruptcy Code proceedings. The Tribunal admitted the petition under Section 9 of the IBC, declaring a moratorium and appointing an Interim Resolution Professional. The moratorium aimed to facilitate the resolution process, ensuring continuity of essential services and asset management. Compliance with the order's directives was mandated for all parties involved in the proceedings. Case-Laws Insolvency and Bankruptcy Tue, 28 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369014