https://www.taxtmi.com/caselaws?id=385459 The Company Petition filed seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for default in payment was admitted. An Interim Resolution Professional was appointed, and a moratorium was declared, prohibiting certain actions. The Operational Creditor's claim was upheld as the Corporate Debtor did not dispute it. The order of moratorium was to remain in effect until completion of the insolvency resolution process or liquidation. The Interim Resolution Professional was tasked with carrying out functions as per the Insolvency and Bankruptcy Code. The Company Petition was granted, and relevant parties were promptly informed of the decision. en-us Tue, 28 May 2019 00:00:00 +0530 Fri, 06 Sep 2019 07:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385459 The Company Petition filed seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for default in payment was admitted. An Interim Resolution Professional was appointed, and a moratorium was declared, prohibiting certain actions. The Operational Creditor's claim was upheld as the Corporate Debtor did not dispute it. The order of moratorium was to remain in effect until completion of the insolvency resolution process or liquidation. The Interim Resolution Professional was tasked with carrying out functions as per the Insolvency and Bankruptcy Code. The Company Petition was granted, and relevant parties were promptly informed of the decision. Case-Laws Insolvency and Bankruptcy Tue, 28 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385459