https://www.taxtmi.com/caselaws?id=281962 The court granted the application under Section 10 of the Insolvency and Bankruptcy Code, initiating Corporate Insolvency Resolution Process for the applicant company facing financial distress due to operational difficulties. The court admitted the application, emphasized statutory compliance, appointed an Interim Resolution Professional, and issued a moratorium under Section 14 of the Code. This decision aimed to facilitate the resolution process, acknowledging the default by the corporate debtor and ensuring necessary steps for debt restructuring. en-us Tue, 20 Nov 2018 00:00:00 +0530 Mon, 15 Jul 2019 07:00:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281962 The court granted the application under Section 10 of the Insolvency and Bankruptcy Code, initiating Corporate Insolvency Resolution Process for the applicant company facing financial distress due to operational difficulties. The court admitted the application, emphasized statutory compliance, appointed an Interim Resolution Professional, and issued a moratorium under Section 14 of the Code. This decision aimed to facilitate the resolution process, acknowledging the default by the corporate debtor and ensuring necessary steps for debt restructuring. Case-Laws Insolvency and Bankruptcy Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281962