https://www.taxtmi.com/caselaws?id=386793 The Tribunal admitted the petition for initiation of Corporate Insolvency Resolution Process under Section 7 of the Insolvency & Bankruptcy Code, 2016, based on default in loan repayment by the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and a moratorium was declared to protect the interests of both parties. The resolution process was set in motion to address the financial distress faced by the Corporate Debtor, ensuring continuity of essential services and potential resolution of the debt issue. en-us Fri, 05 Jul 2019 00:00:00 +0530 Wed, 09 Oct 2019 07:33:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386793 The Tribunal admitted the petition for initiation of Corporate Insolvency Resolution Process under Section 7 of the Insolvency & Bankruptcy Code, 2016, based on default in loan repayment by the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and a moratorium was declared to protect the interests of both parties. The resolution process was set in motion to address the financial distress faced by the Corporate Debtor, ensuring continuity of essential services and potential resolution of the debt issue. Case-Laws Insolvency and Bankruptcy Fri, 05 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386793