https://www.taxtmi.com/caselaws?id=390011 The tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process against the respondent company due to default in payment of salary dues. An Interim Resolution Professional was appointed to manage the debtor's affairs, and a moratorium was declared under Section 14 of the Code. The respondent admitted the debt owed, attributing non-payment to financial difficulties. The Interim Resolution Professional was directed to resolve discrepancies in the statement of account, with the petitioner providing funds for operational expenses. en-us Fri, 27 Sep 2019 00:00:00 +0530 Sat, 21 Dec 2019 10:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390011 The tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process against the respondent company due to default in payment of salary dues. An Interim Resolution Professional was appointed to manage the debtor's affairs, and a moratorium was declared under Section 14 of the Code. The respondent admitted the debt owed, attributing non-payment to financial difficulties. The Interim Resolution Professional was directed to resolve discrepancies in the statement of account, with the petitioner providing funds for operational expenses. Case-Laws Insolvency and Bankruptcy Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390011