https://www.taxtmi.com/caselaws?id=388481 The Tribunal granted the application under Section 7 of The Insolvency and Bankruptcy Code, 2016, filed by the financial creditor, as the Corporate Debtor admitted liability for the financial debt. The Tribunal found a default in payment, appointed an interim resolution professional, and declared a moratorium to protect the Corporate Debtor from certain actions. The order encompassed the acknowledgment of debt, appointment of the Resolution Professional, and the imposition of a moratorium, ensuring continuity of essential services to the Corporate Debtor during the process. en-us Tue, 27 Aug 2019 00:00:00 +0530 Sat, 16 Nov 2019 12:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388481 The Tribunal granted the application under Section 7 of The Insolvency and Bankruptcy Code, 2016, filed by the financial creditor, as the Corporate Debtor admitted liability for the financial debt. The Tribunal found a default in payment, appointed an interim resolution professional, and declared a moratorium to protect the Corporate Debtor from certain actions. The order encompassed the acknowledgment of debt, appointment of the Resolution Professional, and the imposition of a moratorium, ensuring continuity of essential services to the Corporate Debtor during the process. Case-Laws Insolvency and Bankruptcy Tue, 27 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388481