https://www.taxtmi.com/caselaws?id=284188 The court granted the Company Petition filed by a Creditor Bank, initiating the Corporate Insolvency Resolution Process against a Corporate Debtor under Section 7 of the Insolvency & Bankruptcy Code, 2016 due to the Corporate Debtor's default in repaying the claim amount. The judgment detailed the existence of debt, appointment of an Interim Resolution Professional, declaration of a moratorium, continuation of essential services, public announcement requirements, and specified the fee payable to the Interim Resolution Professional in compliance with regulations. The court ensured adherence to procedural obligations under the Code throughout the insolvency proceedings. en-us Tue, 30 Apr 2019 00:00:00 +0530 Wed, 06 Nov 2019 08:27:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284188 The court granted the Company Petition filed by a Creditor Bank, initiating the Corporate Insolvency Resolution Process against a Corporate Debtor under Section 7 of the Insolvency & Bankruptcy Code, 2016 due to the Corporate Debtor's default in repaying the claim amount. The judgment detailed the existence of debt, appointment of an Interim Resolution Professional, declaration of a moratorium, continuation of essential services, public announcement requirements, and specified the fee payable to the Interim Resolution Professional in compliance with regulations. The court ensured adherence to procedural obligations under the Code throughout the insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284188