https://www.taxtmi.com/caselaws?id=382285 The Court admitted the insolvency application under Section 7 of the Insolvency and Bankruptcy Code against the Corporate Debtor, appointing an Interim Resolution Professional (IRP) and declaring a moratorium. The Court found sufficient evidence of default by the Corporate Debtor, leading to the admission of the application. The appointed IRP was tasked with managing the Corporate Debtor and initiating the resolution process, with compliance ensured. A moratorium was imposed to protect the Corporate Debtor's assets, and specific I&B Code provisions were directed to be followed. Administrative directions were issued for communication and compliance, ensuring transparency and legal formalities. en-us Thu, 04 Apr 2019 00:00:00 +0530 Sat, 29 Jun 2019 09:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382285 The Court admitted the insolvency application under Section 7 of the Insolvency and Bankruptcy Code against the Corporate Debtor, appointing an Interim Resolution Professional (IRP) and declaring a moratorium. The Court found sufficient evidence of default by the Corporate Debtor, leading to the admission of the application. The appointed IRP was tasked with managing the Corporate Debtor and initiating the resolution process, with compliance ensured. A moratorium was imposed to protect the Corporate Debtor's assets, and specific I&B Code provisions were directed to be followed. Administrative directions were issued for communication and compliance, ensuring transparency and legal formalities. Case-Laws Insolvency and Bankruptcy Thu, 04 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382285