https://www.taxtmi.com/caselaws?id=382119 The Tribunal found the petition under Section 7 of the Insolvency & Bankruptcy Code to be complete, with the financial debt exceeding one lakh rupees against the Corporate Debtor and default being proven. Consequently, the petition for initiating the corporate insolvency resolution process against the Corporate Debtor was admitted. The Tribunal declared a moratorium under Section 14 of the I&B Code, appointed an Interim Resolution Professional, and issued consequential directions to facilitate the resolution process. Public announcement of the insolvency resolution process was mandated, and immediate communication of the order to relevant parties was directed for compliance. en-us Wed, 19 Jun 2019 00:00:00 +0530 Wed, 26 Jun 2019 07:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382119 The Tribunal found the petition under Section 7 of the Insolvency & Bankruptcy Code to be complete, with the financial debt exceeding one lakh rupees against the Corporate Debtor and default being proven. Consequently, the petition for initiating the corporate insolvency resolution process against the Corporate Debtor was admitted. The Tribunal declared a moratorium under Section 14 of the I&B Code, appointed an Interim Resolution Professional, and issued consequential directions to facilitate the resolution process. Public announcement of the insolvency resolution process was mandated, and immediate communication of the order to relevant parties was directed for compliance. Case-Laws Insolvency and Bankruptcy Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382119