https://www.taxtmi.com/caselaws?id=376030 The Tribunal admitted the application for Corporate Insolvency Resolution Process against the respondent, a company dealing in perishable food products, as the applicant, an Operational Creditor supplying goods, proved non-payment without a pending dispute. A moratorium was declared under Section 14 of the Insolvency and Bankruptcy Code, prohibiting actions against the respondent, with exceptions for essential services. An Interim Resolution Professional was appointed to manage the debtor's affairs, with the petitioner directed to pay expenses, subject to Committee of Creditors' adjustment. en-us Fri, 21 Dec 2018 00:00:00 +0530 Fri, 01 Mar 2019 07:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376030 The Tribunal admitted the application for Corporate Insolvency Resolution Process against the respondent, a company dealing in perishable food products, as the applicant, an Operational Creditor supplying goods, proved non-payment without a pending dispute. A moratorium was declared under Section 14 of the Insolvency and Bankruptcy Code, prohibiting actions against the respondent, with exceptions for essential services. An Interim Resolution Professional was appointed to manage the debtor's affairs, with the petitioner directed to pay expenses, subject to Committee of Creditors' adjustment. Case-Laws Insolvency and Bankruptcy Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376030