https://www.taxtmi.com/caselaws?id=382989 The Bench admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, declaring a moratorium under Section 14. An Interim Resolution Professional was appointed, and the moratorium included prohibitions on legal actions, asset transfers, and property recovery. The Corporate Debtor's default in payment, coupled with the absence of any dispute, led to the judgment in favor of the Operational Creditor, initiating the insolvency resolution process with the appointment of the Resolution Professional. en-us Wed, 01 May 2019 00:00:00 +0530 Mon, 15 Jul 2019 07:07:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382989 The Bench admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, declaring a moratorium under Section 14. An Interim Resolution Professional was appointed, and the moratorium included prohibitions on legal actions, asset transfers, and property recovery. The Corporate Debtor's default in payment, coupled with the absence of any dispute, led to the judgment in favor of the Operational Creditor, initiating the insolvency resolution process with the appointment of the Resolution Professional. Case-Laws Insolvency and Bankruptcy Wed, 01 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382989