https://www.taxtmi.com/caselaws?id=283606 The tribunal admitted the application under Section 9 of the Insolvency & Bankruptcy Code, 2016, finding the Operational Creditor had met all legal requirements. It determined the existence of operational debt and default by the Corporate Debtor, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). Procedural requirements were deemed fulfilled, including the appointment of an Interim Resolution Professional (IRP) and declaration of a moratorium to protect the Corporate Debtor's assets during the CIRP. The tribunal's decision aimed to facilitate the resolution process effectively. en-us Mon, 27 Aug 2018 00:00:00 +0530 Wed, 02 Oct 2019 13:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283606 The tribunal admitted the application under Section 9 of the Insolvency & Bankruptcy Code, 2016, finding the Operational Creditor had met all legal requirements. It determined the existence of operational debt and default by the Corporate Debtor, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). Procedural requirements were deemed fulfilled, including the appointment of an Interim Resolution Professional (IRP) and declaration of a moratorium to protect the Corporate Debtor's assets during the CIRP. The tribunal's decision aimed to facilitate the resolution process effectively. Case-Laws Insolvency and Bankruptcy Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283606