https://www.taxtmi.com/caselaws?id=391102 The National Company Law Tribunal, Mumbai, admitted the Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016, filed by an Operational Creditor against a Private Limited Company. The petition was admitted due to the Corporate Debtor's default on a significant sum owed to the Operational Creditor. Consequently, Corporate Insolvency Resolution Process (CIRP) was initiated, including a moratorium under section 14 of the IBC and the appointment of an Interim Resolution Professional (IRP) to manage the Corporate Debtor during the CIRP period. Various operational procedures were mandated to ensure compliance with legal requirements. en-us Tue, 22 Oct 2019 00:00:00 +0530 Mon, 20 Jan 2020 08:39:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391102 The National Company Law Tribunal, Mumbai, admitted the Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016, filed by an Operational Creditor against a Private Limited Company. The petition was admitted due to the Corporate Debtor's default on a significant sum owed to the Operational Creditor. Consequently, Corporate Insolvency Resolution Process (CIRP) was initiated, including a moratorium under section 14 of the IBC and the appointment of an Interim Resolution Professional (IRP) to manage the Corporate Debtor during the CIRP period. Various operational procedures were mandated to ensure compliance with legal requirements. Case-Laws Insolvency and Bankruptcy Tue, 22 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391102