https://www.taxtmi.com/caselaws?id=385413 The Tribunal admitted Ultratech Cement Ltd.'s petition to initiate Corporate Insolvency Resolution Process against Kale Infra Project Pvt. Ltd. for defaulting on a payment of ? 20,36,440/- under Section 9 of the Insolvency and Bankruptcy Code. A moratorium was declared with specific directions, including prohibiting legal proceedings, restricting asset disposal, ensuring essential services, and appointing an interim resolution professional. The moratorium was effective from 06.05.2019 until the completion of the insolvency resolution process or other specified outcomes as per the Code. The Tribunal directed prompt communication of the order to the parties and the appointed resolution professional. en-us Mon, 06 May 2019 00:00:00 +0530 Thu, 05 Sep 2019 07:30:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385413 The Tribunal admitted Ultratech Cement Ltd.'s petition to initiate Corporate Insolvency Resolution Process against Kale Infra Project Pvt. Ltd. for defaulting on a payment of ? 20,36,440/- under Section 9 of the Insolvency and Bankruptcy Code. A moratorium was declared with specific directions, including prohibiting legal proceedings, restricting asset disposal, ensuring essential services, and appointing an interim resolution professional. The moratorium was effective from 06.05.2019 until the completion of the insolvency resolution process or other specified outcomes as per the Code. The Tribunal directed prompt communication of the order to the parties and the appointed resolution professional. Case-Laws Insolvency and Bankruptcy Mon, 06 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385413