https://www.taxtmi.com/caselaws?id=374973 The Tribunal admitted the company petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, due to the operational creditor's compliance with legal requirements and the corporate debtor's non-contestation of the outstanding debt. A moratorium was declared to protect the corporate debtor from adverse actions, and an Interim Resolution Professional was appointed to oversee the resolution process. Specific directions were issued to safeguard assets, maintain services, and ensure compliance with the IBC provisions, aiming to facilitate the orderly resolution of financial obligations. en-us Tue, 20 Nov 2018 00:00:00 +0530 Wed, 13 Feb 2019 06:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374973 The Tribunal admitted the company petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, due to the operational creditor's compliance with legal requirements and the corporate debtor's non-contestation of the outstanding debt. A moratorium was declared to protect the corporate debtor from adverse actions, and an Interim Resolution Professional was appointed to oversee the resolution process. Specific directions were issued to safeguard assets, maintain services, and ensure compliance with the IBC provisions, aiming to facilitate the orderly resolution of financial obligations. Case-Laws Insolvency and Bankruptcy Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374973