https://www.taxtmi.com/caselaws?id=372542 The Tribunal admitted the company petition under section 9 of the Insolvency & Bankruptcy Code, 2016, due to the respondent's default in payment against the supply of books. A moratorium was declared, prohibiting suits against the corporate debtor, asset transfers, and foreclosure actions. The moratorium aimed to ensure continuity of essential goods or services and appointed an Interim Resolution Professional to oversee the process. The resolution process would continue until completion or liquidation, with public announcements mandated, and relevant parties promptly informed. en-us Fri, 21 Dec 2018 00:00:00 +0530 Tue, 25 Dec 2018 08:23:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372542 The Tribunal admitted the company petition under section 9 of the Insolvency & Bankruptcy Code, 2016, due to the respondent's default in payment against the supply of books. A moratorium was declared, prohibiting suits against the corporate debtor, asset transfers, and foreclosure actions. The moratorium aimed to ensure continuity of essential goods or services and appointed an Interim Resolution Professional to oversee the process. The resolution process would continue until completion or liquidation, with public announcements mandated, and relevant parties promptly informed. Case-Laws Insolvency and Bankruptcy Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372542