https://www.taxtmi.com/caselaws?id=388197 The Tribunal admitted the Company Application under Section 9 of the Insolvency & Bankruptcy Code, finding that the Operational Creditor proved the debt and default. It directed the Operational Creditor to remunerate the Interim Resolution Professional and cover expenses until the Committee of Creditors formation. A moratorium was declared, prohibiting actions against the Corporate Debtor and ensuring the continuation of essential supplies. Mr. P. Sriram was appointed as the Interim Resolution Professional, with specified responsibilities under the Code. The order was promptly communicated to relevant parties via email. en-us Fri, 30 Aug 2019 00:00:00 +0530 Mon, 11 Nov 2019 09:30:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388197 The Tribunal admitted the Company Application under Section 9 of the Insolvency & Bankruptcy Code, finding that the Operational Creditor proved the debt and default. It directed the Operational Creditor to remunerate the Interim Resolution Professional and cover expenses until the Committee of Creditors formation. A moratorium was declared, prohibiting actions against the Corporate Debtor and ensuring the continuation of essential supplies. Mr. P. Sriram was appointed as the Interim Resolution Professional, with specified responsibilities under the Code. The order was promptly communicated to relevant parties via email. Case-Laws Insolvency and Bankruptcy Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388197