https://www.taxtmi.com/caselaws?id=382812 The tribunal admitted the application, declaring a moratorium under Section 14 of the Insolvency and Bankruptcy Code. The order prohibited suits, asset transfers, and foreclosure actions, ensuring the supply of essential goods and services to the Corporate Debtor. The moratorium would remain in effect until the completion of the insolvency resolution process or a liquidation order is issued. The tribunal found the application complete, with an admitted debt and default, leading to the petition's admission without costs. en-us Thu, 02 May 2019 00:00:00 +0530 Thu, 11 Jul 2019 06:14:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382812 The tribunal admitted the application, declaring a moratorium under Section 14 of the Insolvency and Bankruptcy Code. The order prohibited suits, asset transfers, and foreclosure actions, ensuring the supply of essential goods and services to the Corporate Debtor. The moratorium would remain in effect until the completion of the insolvency resolution process or a liquidation order is issued. The tribunal found the application complete, with an admitted debt and default, leading to the petition's admission without costs. Case-Laws Insolvency and Bankruptcy Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382812