https://www.taxtmi.com/caselaws?id=380946 The Tribunal admitted the petition under Section 7 of the Insolvency & Bankruptcy Code, finding a valid debt and default, complete application, and timely filing within the limitation period. Corporate Debtor's objections were dismissed, and a moratorium was declared. Mr. Vinod Kumar Kothari was appointed as the Interim Resolution Professional. Various orders were issued, including prohibiting suits against the Debtor, asset disposal, ensuring essential supplies, and maintaining the moratorium until CIRP completion or resolution plan approval. Public announcement of CIRP was mandated, and communication of the order to relevant parties was directed. en-us Thu, 14 Feb 2019 00:00:00 +0530 Sat, 01 Jun 2019 07:54:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380946 The Tribunal admitted the petition under Section 7 of the Insolvency & Bankruptcy Code, finding a valid debt and default, complete application, and timely filing within the limitation period. Corporate Debtor's objections were dismissed, and a moratorium was declared. Mr. Vinod Kumar Kothari was appointed as the Interim Resolution Professional. Various orders were issued, including prohibiting suits against the Debtor, asset disposal, ensuring essential supplies, and maintaining the moratorium until CIRP completion or resolution plan approval. Public announcement of CIRP was mandated, and communication of the order to relevant parties was directed. Case-Laws Insolvency and Bankruptcy Thu, 14 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380946