https://www.taxtmi.com/caselaws?id=381198 The Tribunal admitted the petition under Section 7 of the Code, finding the requirements fulfilled. It appointed an Interim Resolution Professional (IRP) and declared a moratorium to facilitate the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor's claim of financial debt and default was upheld, and procedural compliance was confirmed. The Tribunal emphasized the objective of resolving insolvency and allowed for the possibility of withdrawal post-admission under Section 12A of the Code. en-us Mon, 08 Apr 2019 00:00:00 +0530 Thu, 06 Jun 2019 10:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381198 The Tribunal admitted the petition under Section 7 of the Code, finding the requirements fulfilled. It appointed an Interim Resolution Professional (IRP) and declared a moratorium to facilitate the Corporate Insolvency Resolution Process (CIRP). The Financial Creditor's claim of financial debt and default was upheld, and procedural compliance was confirmed. The Tribunal emphasized the objective of resolving insolvency and allowed for the possibility of withdrawal post-admission under Section 12A of the Code. Case-Laws Insolvency and Bankruptcy Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381198