https://www.taxtmi.com/caselaws?id=281199 The Company Petition filed by the Operational Creditor against the Corporate Debtor for non-payment of dues was admitted by the Adjudicating Authority. The Corporate Insolvency Resolution Process was initiated, appointing an Interim Resolution Professional to manage the Corporate Debtor and oversee the resolution process. A moratorium was declared to prohibit legal actions against the Corporate Debtor, asset transfers, and property recovery during the resolution period. The IRP was directed to comply with the Insolvency and Bankruptcy Code 2016, while the Corporate Debtor's directors and associates were instructed to assist the IRP. The Registry was tasked with communicating the order to relevant parties for compliance. en-us Wed, 16 Aug 2017 00:00:00 +0530 Sat, 08 Jun 2019 07:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281199 The Company Petition filed by the Operational Creditor against the Corporate Debtor for non-payment of dues was admitted by the Adjudicating Authority. The Corporate Insolvency Resolution Process was initiated, appointing an Interim Resolution Professional to manage the Corporate Debtor and oversee the resolution process. A moratorium was declared to prohibit legal actions against the Corporate Debtor, asset transfers, and property recovery during the resolution period. The IRP was directed to comply with the Insolvency and Bankruptcy Code 2016, while the Corporate Debtor's directors and associates were instructed to assist the IRP. The Registry was tasked with communicating the order to relevant parties for compliance. Case-Laws Insolvency and Bankruptcy Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281199