https://www.taxtmi.com/caselaws?id=276630 The Adjudicating Authority admitted the Petition filed by a Financial Creditor under Section 7 of The Insolvency and Bankruptcy Code, 2016, based on the default by the Corporate Debtor in repaying a substantial amount. The Authority appointed an Interim Resolution Professional and declared a moratorium under Section 13, prohibiting certain actions against the Corporate Debtor. The moratorium would be in force until the completion of the Corporate Insolvency Resolution Process, with exceptions outlined for specific transactions and essential services. The Financial Creditor and the Interim Insolvency Resolution Professional were directed to be informed of the order, along with the Corporate Debtor. en-us Tue, 23 May 2017 00:00:00 +0530 Thu, 15 Nov 2018 07:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276630 The Adjudicating Authority admitted the Petition filed by a Financial Creditor under Section 7 of The Insolvency and Bankruptcy Code, 2016, based on the default by the Corporate Debtor in repaying a substantial amount. The Authority appointed an Interim Resolution Professional and declared a moratorium under Section 13, prohibiting certain actions against the Corporate Debtor. The moratorium would be in force until the completion of the Corporate Insolvency Resolution Process, with exceptions outlined for specific transactions and essential services. The Financial Creditor and the Interim Insolvency Resolution Professional were directed to be informed of the order, along with the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 23 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276630