https://www.taxtmi.com/caselaws?id=388522 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, appointing an Interim Resolution Professional and declaring a moratorium to initiate the Corporate Insolvency Resolution Process. The Tribunal found the operational debt valid, exceeding Rs. 1.00 lac, and due, with no dispute between the parties. The moratorium aimed to ensure the continuity of essential services and prohibited certain actions against the corporate debtor until the completion of the resolution process or liquidation. The Tribunal disposed of the petition with no costs and instructed communication of the order to relevant parties. en-us Wed, 24 Jul 2019 00:00:00 +0530 Sat, 16 Nov 2019 16:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388522 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, appointing an Interim Resolution Professional and declaring a moratorium to initiate the Corporate Insolvency Resolution Process. The Tribunal found the operational debt valid, exceeding Rs. 1.00 lac, and due, with no dispute between the parties. The moratorium aimed to ensure the continuity of essential services and prohibited certain actions against the corporate debtor until the completion of the resolution process or liquidation. The Tribunal disposed of the petition with no costs and instructed communication of the order to relevant parties. Case-Laws Insolvency and Bankruptcy Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388522