https://www.taxtmi.com/caselaws?id=284624 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, finding all requirements fulfilled. Orders included declaring a moratorium, appointing an Interim Resolution Professional, and directing the Operational Creditor to deposit funds in an ESCROW Account. The Tribunal emphasized compliance, outlined restrictions on the Corporate Debtor, and set timelines for creditor meetings. The judgment aimed to efficiently initiate the Corporate Insolvency Resolution Process, safeguarding the Operational Creditor's interests within the Code's provisions. en-us Fri, 20 Sep 2019 00:00:00 +0530 Fri, 29 Nov 2019 18:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284624 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, finding all requirements fulfilled. Orders included declaring a moratorium, appointing an Interim Resolution Professional, and directing the Operational Creditor to deposit funds in an ESCROW Account. The Tribunal emphasized compliance, outlined restrictions on the Corporate Debtor, and set timelines for creditor meetings. The judgment aimed to efficiently initiate the Corporate Insolvency Resolution Process, safeguarding the Operational Creditor's interests within the Code's provisions. Case-Laws Insolvency and Bankruptcy Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284624