https://www.taxtmi.com/caselaws?id=281042 The tribunal admitted the petition filed by a Corporate Debtor invoking Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against itself. The tribunal found genuine reasons for admission based on the debtor's financial position and directed the appointment of an Interim Resolution Professional to commence necessary proceedings. The decision included the establishment of a Committee of Creditors and declaration of a moratorium period to protect the debtor's assets. The Corporate Insolvency Resolution Process was set in motion following the tribunal's order. en-us Thu, 24 Aug 2017 00:00:00 +0530 Sat, 01 Jun 2019 07:20:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281042 The tribunal admitted the petition filed by a Corporate Debtor invoking Section 10 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against itself. The tribunal found genuine reasons for admission based on the debtor's financial position and directed the appointment of an Interim Resolution Professional to commence necessary proceedings. The decision included the establishment of a Committee of Creditors and declaration of a moratorium period to protect the debtor's assets. The Corporate Insolvency Resolution Process was set in motion following the tribunal's order. Case-Laws Insolvency and Bankruptcy Thu, 24 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281042