https://www.taxtmi.com/caselaws?id=388520 The Tribunal admitted the Company Petition under section 7 of the Insolvency and Bankruptcy Code, appointing an Interim Resolution Professional to manage the Corporate Insolvency and Resolution Process due to the Corporate Debtor's default in repaying an outstanding amount. A moratorium was imposed to protect the Corporate Debtor from certain actions, ensuring uninterrupted essential supplies. The Financial Creditor's evidence of debt and default, supported by documents and a Debt Recovery Certificate, led to the admission of the petition as the Corporate Debtor did not contest the allegations. The resolution process was set to proceed under the supervision of the appointed professional. en-us Tue, 28 May 2019 00:00:00 +0530 Sat, 16 Nov 2019 16:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388520 The Tribunal admitted the Company Petition under section 7 of the Insolvency and Bankruptcy Code, appointing an Interim Resolution Professional to manage the Corporate Insolvency and Resolution Process due to the Corporate Debtor's default in repaying an outstanding amount. A moratorium was imposed to protect the Corporate Debtor from certain actions, ensuring uninterrupted essential supplies. The Financial Creditor's evidence of debt and default, supported by documents and a Debt Recovery Certificate, led to the admission of the petition as the Corporate Debtor did not contest the allegations. The resolution process was set to proceed under the supervision of the appointed professional. Case-Laws Insolvency and Bankruptcy Tue, 28 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388520