https://www.taxtmi.com/caselaws?id=284170 The Tribunal initiated the Corporate Insolvency Resolution Process (CIRP) against the Respondent due to non-payment of services rendered by the Operational Creditor. An Interim Resolution Professional (IRP) was appointed, triggering a moratorium under Section 14(1) of the Insolvency and Bankruptcy Code, 2016. The moratorium would last until completion of the resolution process, approval of a plan, or liquidation. The Applicant was instructed to pay expenses to the IRP. The application was admitted under Section 9(5) of the Code, with copies of the order to be sent to relevant parties and the Insolvency and Bankruptcy Board of India (IBBI). en-us Wed, 19 Dec 2018 00:00:00 +0530 Tue, 05 Nov 2019 09:45:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284170 The Tribunal initiated the Corporate Insolvency Resolution Process (CIRP) against the Respondent due to non-payment of services rendered by the Operational Creditor. An Interim Resolution Professional (IRP) was appointed, triggering a moratorium under Section 14(1) of the Insolvency and Bankruptcy Code, 2016. The moratorium would last until completion of the resolution process, approval of a plan, or liquidation. The Applicant was instructed to pay expenses to the IRP. The application was admitted under Section 9(5) of the Code, with copies of the order to be sent to relevant parties and the Insolvency and Bankruptcy Board of India (IBBI). Case-Laws Insolvency and Bankruptcy Wed, 19 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284170