https://www.taxtmi.com/caselaws?id=384306 The tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, appointed Shri Manoj Gangwal as the Interim Resolution Professional, and issued a Moratorium order. The case involved financial debt default by M/s. Bhagya Diamond Jewellery Pvt. Ltd., with the total default amount claimed to be Rs. 13,45,47,855.02. The primary security assets had no realizable value, while collateral included properties with an estimated value of Rs. 884.00 Lakhs. The IRP was tasked with managing the Corporate Debtor's operations and preserving property value during the Corporate Insolvency Resolution Process. en-us Thu, 25 Apr 2019 00:00:00 +0530 Fri, 09 Aug 2019 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384306 The tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, appointed Shri Manoj Gangwal as the Interim Resolution Professional, and issued a Moratorium order. The case involved financial debt default by M/s. Bhagya Diamond Jewellery Pvt. Ltd., with the total default amount claimed to be Rs. 13,45,47,855.02. The primary security assets had no realizable value, while collateral included properties with an estimated value of Rs. 884.00 Lakhs. The IRP was tasked with managing the Corporate Debtor's operations and preserving property value during the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384306