https://www.taxtmi.com/caselaws?id=387139 The Tribunal admitted the Financial Creditor's application under Sections 55-58 of the Insolvency and Bankruptcy Code, 2016 for Fast Track Insolvency Resolution Process. The Corporate Debtor's default in loan repayment was established, leading to the initiation of Corporate Insolvency Resolution Process. A moratorium was declared, and an Interim Resolution Professional appointed. The Tribunal directed the Financial Creditor to deposit funds for preliminary expenses. The process would continue until completion of resolution or approval of a plan, with periodic progress reports required. en-us Wed, 24 Jul 2019 00:00:00 +0530 Fri, 18 Oct 2019 07:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387139 The Tribunal admitted the Financial Creditor's application under Sections 55-58 of the Insolvency and Bankruptcy Code, 2016 for Fast Track Insolvency Resolution Process. The Corporate Debtor's default in loan repayment was established, leading to the initiation of Corporate Insolvency Resolution Process. A moratorium was declared, and an Interim Resolution Professional appointed. The Tribunal directed the Financial Creditor to deposit funds for preliminary expenses. The process would continue until completion of resolution or approval of a plan, with periodic progress reports required. Case-Laws Insolvency and Bankruptcy Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387139