https://www.taxtmi.com/caselaws?id=372198 The Tribunal admitted the Company Petition under Sections 8 and 9 of the Insolvency & Bankruptcy Code, finding the Corporate Debtor in default of payment without raising a genuine dispute. Consequently, the Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor. A moratorium was imposed, appointing an Interim Resolution Professional to manage the CIRP. The moratorium would be effective until the completion of the CIRP, approval of a resolution plan, or liquidation order. The public announcement of the CIRP was mandated, and a progress report was scheduled for December 10, 2018. en-us Tue, 20 Nov 2018 00:00:00 +0530 Wed, 19 Dec 2018 08:08:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372198 The Tribunal admitted the Company Petition under Sections 8 and 9 of the Insolvency & Bankruptcy Code, finding the Corporate Debtor in default of payment without raising a genuine dispute. Consequently, the Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor. A moratorium was imposed, appointing an Interim Resolution Professional to manage the CIRP. The moratorium would be effective until the completion of the CIRP, approval of a resolution plan, or liquidation order. The public announcement of the CIRP was mandated, and a progress report was scheduled for December 10, 2018. Case-Laws Insolvency and Bankruptcy Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372198