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    <title>2018 (3) TMI 1778 - NATIONAL COMPANY LAW TRIBUNAL PRINCIPAL BENCH, NEW DELHI</title>
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    <description>The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, appointing Mr. Ashok Kumar Dewan as the Interim Resolution Professional. A moratorium was declared under Section 14 of the IBC, prohibiting suits, asset transfers, and recovery actions against the corporate debtor. The IRP was directed to make a public announcement and manage the corporate debtor&#039;s affairs in accordance with the IBC provisions. The Registrar of Companies was instructed to update the status of the corporate debtor on its website.</description>
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