https://www.taxtmi.com/caselaws?id=383266 The Tribunal admitted the application filed by Langlai Tea and Industries Ltd. under Section 10 of the Insolvency & Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). A moratorium was declared, an Interim Resolution Professional (IRP) appointed, and directions given for the submission of a resolution plan within 105 days. The order emphasized the establishment of debt and default, confirming the completeness of the application and justifying the initiation of CIRP. en-us Fri, 29 Mar 2019 00:00:00 +0530 Sat, 20 Jul 2019 08:06:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383266 The Tribunal admitted the application filed by Langlai Tea and Industries Ltd. under Section 10 of the Insolvency & Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). A moratorium was declared, an Interim Resolution Professional (IRP) appointed, and directions given for the submission of a resolution plan within 105 days. The order emphasized the establishment of debt and default, confirming the completeness of the application and justifying the initiation of CIRP. Case-Laws Insolvency and Bankruptcy Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383266