https://www.taxtmi.com/caselaws?id=386354 The Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code was admitted by the court due to the Corporate Debtor's failure to respond or make payments, leading to the initiation of Corporate Insolvency Resolution Process (CIRP). The court declared a moratorium, appointing an Interim Resolution Professional to oversee the process until resolution or liquidation. The Operational Creditor's evidence was found satisfactory, and the Corporate Debtor did not dispute the debt, resulting in the admission of the petition and enforcement of the moratorium. en-us Thu, 02 May 2019 00:00:00 +0530 Fri, 27 Sep 2019 06:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386354 The Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code was admitted by the court due to the Corporate Debtor's failure to respond or make payments, leading to the initiation of Corporate Insolvency Resolution Process (CIRP). The court declared a moratorium, appointing an Interim Resolution Professional to oversee the process until resolution or liquidation. The Operational Creditor's evidence was found satisfactory, and the Corporate Debtor did not dispute the debt, resulting in the admission of the petition and enforcement of the moratorium. Case-Laws Insolvency and Bankruptcy Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386354