https://www.taxtmi.com/caselaws?id=387111 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, finding that the operational creditor successfully proved the default in payment by the corporate debtor. Consequently, the Tribunal declared a moratorium, initiated the Corporate Insolvency Resolution Process, and appointed an Interim Resolution Professional. Further directives included convening a Committee of Creditors, setting deadlines for resolution plan submission, and identifying a prospective resolution applicant. The matter was listed for a progress report filing, with certified copies of the order to be issued to all concerned parties for further proceedings. en-us Fri, 26 Jul 2019 00:00:00 +0530 Thu, 17 Oct 2019 10:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387111 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, finding that the operational creditor successfully proved the default in payment by the corporate debtor. Consequently, the Tribunal declared a moratorium, initiated the Corporate Insolvency Resolution Process, and appointed an Interim Resolution Professional. Further directives included convening a Committee of Creditors, setting deadlines for resolution plan submission, and identifying a prospective resolution applicant. The matter was listed for a progress report filing, with certified copies of the order to be issued to all concerned parties for further proceedings. Case-Laws Insolvency and Bankruptcy Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387111