https://www.taxtmi.com/caselaws?id=283363 The Adjudicating Authority admitted the Petition filed by a Financial Creditor against the Corporate Debtor to initiate the Corporate Insolvency Resolution process under section 7 of the Insolvency & Bankruptcy Code, 2016. Despite partial payments by the Corporate Debtor and failed attempts at settlement, the Adjudicating Authority found the default in loan repayment, leading to the appointment of an Interim Resolution Professional and imposition of a moratorium. The resolution process was set in motion, ensuring continuity of essential services and public announcement of the proceedings. The Petition was granted, and the Interim Resolution Professional was tasked with managing the process. en-us Mon, 22 Oct 2018 00:00:00 +0530 Fri, 20 Sep 2019 12:46:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283363 The Adjudicating Authority admitted the Petition filed by a Financial Creditor against the Corporate Debtor to initiate the Corporate Insolvency Resolution process under section 7 of the Insolvency & Bankruptcy Code, 2016. Despite partial payments by the Corporate Debtor and failed attempts at settlement, the Adjudicating Authority found the default in loan repayment, leading to the appointment of an Interim Resolution Professional and imposition of a moratorium. The resolution process was set in motion, ensuring continuity of essential services and public announcement of the proceedings. The Petition was granted, and the Interim Resolution Professional was tasked with managing the process. Case-Laws Insolvency and Bankruptcy Mon, 22 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283363