https://www.taxtmi.com/caselaws?id=387670 The Tribunal found that the Corporate Debtor owed operational debt to the petitioner, M/s. Oyster Steel and Iron Private Limited, amounting to INR 1,82,97,880/- including interest. The Tribunal appointed an Interim Resolution Professional and declared a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016, prohibiting suits against the Corporate Debtor, asset transfers, and enforcement of security interests. The IRP was directed to manage the Corporate Debtor's affairs, and the Operational Creditor was required to deposit INR 2 lakhs for expenses. The ex-management and auditors were instructed to provide necessary documents to the IRP within a week. en-us Mon, 19 Aug 2019 00:00:00 +0530 Tue, 29 Oct 2019 19:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387670 The Tribunal found that the Corporate Debtor owed operational debt to the petitioner, M/s. Oyster Steel and Iron Private Limited, amounting to INR 1,82,97,880/- including interest. The Tribunal appointed an Interim Resolution Professional and declared a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016, prohibiting suits against the Corporate Debtor, asset transfers, and enforcement of security interests. The IRP was directed to manage the Corporate Debtor's affairs, and the Operational Creditor was required to deposit INR 2 lakhs for expenses. The ex-management and auditors were instructed to provide necessary documents to the IRP within a week. Case-Laws Insolvency and Bankruptcy Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387670