https://www.taxtmi.com/caselaws?id=390425 The Tribunal admitted the Insolvency & Bankruptcy Application under Section 7 of the I & B Code, finding the Applicant, a Financial Creditor, had sufficiently proven the debt and default by the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and a moratorium was imposed to protect the Corporate Debtor during the resolution process. The Tribunal's decision initiated the Corporate Insolvency Resolution Process, with directions for compliance and public announcement. en-us Fri, 20 Sep 2019 00:00:00 +0530 Thu, 02 Jan 2020 17:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390425 The Tribunal admitted the Insolvency & Bankruptcy Application under Section 7 of the I & B Code, finding the Applicant, a Financial Creditor, had sufficiently proven the debt and default by the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and a moratorium was imposed to protect the Corporate Debtor during the resolution process. The Tribunal's decision initiated the Corporate Insolvency Resolution Process, with directions for compliance and public announcement. Case-Laws Insolvency and Bankruptcy Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390425